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Monday, December 27, 2021
KSE 100 Week 50 & 51 Data & Technical Analysis
Technically speaking, 42800 +/- 300 is proving to be a firmly held bottom but overall bears refuse to surface. The major trend remains side ways, with some short term spikes expected.
The last two weeks closed with positive weekly average capitalization which shows some promise of recovery ahead. Much depends on the next monetary policy. If bond yields began to stabilize, it could signal the end of a policy rate hike. Until then, we can only expect short-term spikes or sideways bourse.
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 +/- ...