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Wednesday, July 15, 2020
KSE100 - Week 29-2020 Mid Update: No Update Really!
View as per the previous post is reiterated and there is no change of stance so far. Major event today was MTB and PIB auction (MTB & PIB FRR Auction: Bid Pattern 15-Jul) which caused some intraday pressure in the market.
Market capitalization has continued to remain higher than the previous week's average. Despite auctions, the net DoD figure shows a gain of 8.44 billion/PKR. All roads lead to the bull race!
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...