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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. 


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