Our heartfelt condolences go out for the victims of the 29th June terrorist attack on the Pakistan Stock Exchange. The brave who defended and the martyrs who laid their lives in the line of duty. May their souls rest in peace.
Following up from our previous update, KSE100 has closed the week facing head-on rejection from its channel top of 35100 +/- 100 and has not formed a double-top. It will be interesting to observe its trajectory ahead in week 28. We expect the first scenario to be playing out. Volatility has remained high once again causing wild intraday swing - affirming our views on the exchange of hands between sector.
Recomposition of KMI-30 w.e.f. 13th/July (link-1) is also expected to created skewed buying and selling pressure promoting further volatility.
Recomposition of KMI-30 w.e.f. 13th/July (link-1) is also expected to created skewed buying and selling pressure promoting further volatility.
Market capitalization stayed the course of growth throughout the entire week with the weekly average gaining +148.15 billion/PKR.
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