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Saturday, June 6, 2020
KSE-100 Week 23-2020 Closing Note
Inline with our expectation posted in the mid-week update ( link-1 ), index tested its support at 34100 +/- 100 and bounced but volume and capitalization remains weak. This could change in the week ahead as investment confidence gets a boost post-lock down. Our upside expectations of 34800-35500 +/- 100 remains intact.
After a dull holiday week, capitalization improved and weekly average as closed +54.80 billion PKR. Over all a dull picture still, but improvements are expected ahead.
Technically speaking, 42800 +/- 300 is proving to be a firmly held bottom but overall bears refuse to surface. The major trend remains side ...
The week started off with the COVID-19 Omicron variant washing global markets into deep red, causing the index to briefly hit its second ma...