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Monday, July 12, 2021

KSE100: Week 27-2021 Update.

 The pivotal rejection came to play once again and we may see some more see-saw ahead with dip presenting a buying opportunity. Major levels are marked on the chart below. Small to mid-cap remain under focus and the expected outlook is see-saw behavior in the short term. The pivot has been lowered to 48100 +/- 100. 

Average weekly market cap is struggling in a narrow range but after two weeks of losing, it finally closed in the positive. Events that may influence the equities are MTB auctions on 14-Jul.