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Wednesday, July 22, 2020

KSE100: Week 30-2020 Mid Update

The index has been exhibiting whipsaws throughout the week perhaps due to bulls taking intraday breaks for a catwalk at Karachi cattle market. But upward momentum has once again begun to take strength, opportunist buyers are luring the bulls with fresh green grass (money).

Market capitalization is fluctuating in a narrow margin, with DoD figures prevailing above the previous week average so far, which is a good indication of bulls returning to strength. It's too early to slaughter them! 

Looking forward, we reiterate our views of the previous week to remain valid for this as well.

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