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Sunday, October 3, 2021
KSE100 Week 39-2021: The Pandora Leaks Open!
Another week-long of pathetic performance but with a hope of support at 43800 +/- 300. The destiny looks to be a weak double top. Market in the coming week will be driven by the reaction of Pandora Leaks therefore not much can be speculation. Looking forward, the action plan is to sell on strength and exit for good. As the political and economic front looks turbulent for the country and bond yields are showing a gradual rise.
The week closed with massive capitalization loss once again with the average dropping below the benchmark of 8000+ Bn/PKR. This is a third failed attempt to cross this hard-line which demonstrates a serious limit to inflows into the market. Happy trading and do let us know your feedback in the comment section below.
The bourse has rallied but is demonstrating stubborn pivotal resistance at 48200 +/- 100 - we do not see this as a good omen. It could be th...
Bourse remained unstable throughout as per our expectations and weekly closing failed to break the pivotal resistance at 48200 +/ 100. There...