Initially, we planned to have no blog update as only two trading days in the week with no significant move to notice. However, eventually out of habit here is a belated updated. We expect an unstable market ahead due to roll over a week. Major support and resistance are marked below. The strategy is to accumulate on the dip.
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Tuesday, July 27, 2021
KSE 100 - Week 29-2021 Closing Notes
Despite the poor market performance, capitalization is sustaining well above the benchmark. This could be the calm before the storm. And a reward is waiting for those patiently holding positions for break out. Monetary policy is expected on 27-July and MTB auction on 28-Jul which means an indecisive week overall.
One of the worst post-COVID19 performances of the markets with obliteration of -2,049.27 points or -4.47%. The free fall breached all sup...
KSE100 closed a second consecutive week in red, making a weekly loss of - 1220.68 points or -2.68% . Our important benchmark of 45500 +/- ...