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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.
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 +/- ...