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Sunday, September 26, 2021
Sunday, September 19, 2021
If there is to be a loser in Pakistani history written down in golden words, it has to be the KSE100 index right now. Not only it keeps failing to keep any trajectory but it has also perplexed many analysts into frustration. Some had a hint of this when the longer-term futures were launched but seriously it wasn't expected to run this long. PSX remains a bourse where long-term policymaking is absent and short-term fixes prevail to benefit the few. A downward slide is part of any bourse but to keep it frustratingly slow is an art mastered as PSX. Currently, the index is not holding any support or resistance, and it's worthless to make any speculation on it. Take benefit of the dip and briskly sell away at strength. At some point, the fortunes will take a turn for the better. Major support and resistance are marked below. 46500 +/- 200 is proving to be pivotal support but due to the instability of the market, it cannot be relied upon so early.
Sunday, September 12, 2021
A break below 47000 +/- 300 was observed with a floor break during the week but weekly closing has once again been sustained above the floor. The bulls have begun to wave up but only their continued marching forward will ensure their survivability. Looking forward the stance should be accumulating the dip and protecting the profits. The week ahead will be the decision-maker. There is not much to analyze from this week as its continuation of the same stance.
Saturday, September 4, 2021
Market capitalization has remained flat. Gains made in one week were lost in the next. With average weekly capitalizations fluctuating in a narrow range. This doesn't really point towards anything but a painful range-bound market. There is nothing visible in immediate range to speculate on it. Hold with patience and carry on.
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