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Monday, November 1, 2021

Week 43-2021: Closing Notes

In line with our expectations, the bourse has resumed its bullish trajectory and is likely to continue for the next few weeks. Major support and resistance levels are marked on the chart below. In a major setback, PSX has reverted back to the old trading system, relieving the participants from many unexpected losses and mental stress. Poor management and lack of sufficient procedures create a very nervous situation for investors. Looking forward, the strategy remains to buy the dip. 

Market capitalization growth was less than ideal but the week still closed with net gains. It is headed once again towards its benchmark resistance between 8200 - 8400 Billion. 

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