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Wednesday, May 13, 2020
Week 20-2020 Mid Update: The Snake Dance
KSE100 has continued its see-saw behaviour, a hallmark of correction and once again closed above a major resistance of 33600 +/- 100. Instability is expected to continue throughout the consolidation phase as sectors exchange hands. We advise accumulating in favourable sectors which are clinging near to their supports.
A marginal gain of +2 PKR/Billion was observed intraday which registers as neutral impact.
at May 13, 2020
One of the worst post-COVID19 performances of the markets with obliteration of -2,049.27 points or -4.47%. The free fall breached all sup...
KSE100 closed a second consecutive week in red, making a weekly loss of - 1220.68 points or -2.68% . Our important benchmark of 45500 +/- ...