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Monday, November 30, 2020

KSE100: Week 48 Closing Notes and Outlook for Week 49 (2020)

To start off, index closed WoW basis in neutral territory with literally 0.00% gains.  The lower pivot zone is proving to be a multi tested supply zone and recovery is observed from this point with surging volumes. The technical levels are updated as index carved a new pivot zone around 41200 and still needs to cross 41900 +/- 200 to be in major bullish zone.  

So did our pessimism on the index paid off? Absolutely, as the entire week gains failed to sustain on the last trading day due to aggressive profit booking. We retain our pessimistic view until a clean break above 41900 +/- 200 is observed. Looking forward, the range bound movement is expected to break on the upside if 40700+/-200 continue to hold as support. 

Weekly average capitalization demonstrated a positive trend across the trading week, baring the last day where slight profit booking is observed. The last trading day closed higher as compared to previous week average but WoW average is down by -11.03 billion/PKR which is to be regarded as very small loss. The rising capitalization represents investor interest to absorb the dips as accumulation opportunity. 

Edit 3-Dec: Events which may influence the capital markets are PIB auction on 02, 09, 16, 30 Dec. MTB auction on 02, 16, 30 Dec and Ijara Sukuk auction on 03-Dec. 


  1. JazakAllah bro
    From this we get the market idea
    And hoping that market will cross 41200 with good volumes
    Stay blessed

    1. And finally it did..Met the benchmark of closing above 41900

  2. Very informative. These analysis helps us a lot. Keep it up.

  3. Very informative. Get the idea where market heading towards

  4. Impressive analysis. Helps alot in formulating weekly strategy.

  5. Great analysis .. you are doing good job dear

  6. Master excellent analysis. I keep seeing market throughout the week through mirror of your blog. Keep it up and May Allah bless you and all of us with good health and prosperity aameen.

  7. Great analysis with accurate insight. Well done Master, keep up yhe good work.