KSE100 Week 14-2021 : More Auctions Pain!

Not much to say in this delayed update other than reiterating views from last week's post. I had been extremely busy with new innovations in stock analysis. Trying to ditch charts for some time and develop better scientific methods to analyze stocks. Other than that, I have hurt my fingers in a small domestic mishap and knocked out of typing for few days. It is really an inconvenience when your right-hand goes out of service! 

The market is expected to remain unstable and the major levels are already marked on the chart we share every week. Its gets boring, having to repeat the same mantra during these correction cycles. Weekly closing observed a net loss of -208.43 points or -0.46%

Average weekly capitalization fell by -21.81 Bn/PKR as govt auctions continue to eat liquidity away from the equities market and the monster is not likely to stop until it has done its quota of four trillion/PKR. Dates of further pain ahead are PIB auction on 13-Apr, 21-Apr, and MTB auction on 22-Apr. Brace for impact and prepare for more pain as the debt monster just got bigger, better, and stronger! ( SBP sets auction target of Rs.5.525 trillion for next three months )

We are attempting to build a data model of SBP operations to gauge their impact on the equities market. The job is complex and needs lots of data accumulation manually. But when there is a will there is a way! If you enjoyed reading this update, do let us know in the comments below and watch our next update for something new and revealing.