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Sunday, September 6, 2020

KSE100: Week 36-2020 Closing Notes: Perfection is Satisfaction!

Following up from our previous update, index perfectly honoured our prediction. Staying within the pivot zone during the correction, honouring the lower band of pivot range and then bulls got charging at full speed taking the index towards crossing the 41900 +/- 200 benchmark, gaining +967 points (+2.4%) WoW to close at 42,023 points. While the last trading the week saw some correction - expected as it happens after crossing any critical resistance followed by a choppy second session due to panic trigger of rain starting again. Memories of recent urban flooding are still fresh to cause this kind of behaviour trigger - nothing unusual. 

Looking forward, we may see a weak start on Monday, 7th Sep followed by a recovery in a later day. 41900 +/- 200 shall act as strong support while upside target remains the pre-COVID19 level of 43000 +/- 300 initially. We always keep the worst possible scenario in mind under all situations. 

PM Imran Khan visit to Karachi and announcement of Karachi transformation plan may act as a positive trigger (PM Imran unveils Rs1,100bn development plan for Karachi)

Major financial events in the week ahead with possible impact on the stock market is MTB auction on 9th-Sep. 

Market capitalization remained strong throughout the week, with the weekly average closing at a gain of +248.53 billion/PKR. The highest reported in the last four week and signals s strong start of September month. Money flow into the market will further improve as Roshan Digital banks account take off with investment flowing in from abroad. 


  1. Same like group the analysis were up to date and very much informative

  2. Sir if 41900 support not honoured what will be the next support.

  3. Very much helpful in decision making

  4. very good to learn and comprehensive, i visit very first time in group link after joining group.

  5. very good to learn and comprehensive, i visit very first time in group link after joining group.

  6. Excellent ��. please keep it up.

  7. Really appreciate on comprehensive with excellent research.

  8. I just happen to read your analysis and it is spot on. Would be interesting to know how this week ends and whether we have reached the channel top in your opinion. Looking forward.

    1. 43000 +/- 300 is channel top and it doesn't look like a smooth ride as aggressive profit taking keeps coming in. Market is hitting saturation with most cyclical showing bearish divergence. So profit taking signal is on.