KSE-100 Index gained 2 points to close at 9181. 15 stocks closed up 8 closed down while 40 stocks remained unchanged. CFS financing is down to Rs. 12.60 Billion rupees with annualized rate still high at 65.06%. Foreign continued with there sideline stance with no buy sell activity at all. Today’s volume leader was commercial banking sector.

 

Technically market is maintaining its strong bearish downward trend.

Recommendation: Sell as unfortunately you don’t have the permission to short!

Internationally from stocks to commodity till metals every things going south.

KSE Watch: 

• Shares financing has been banned by banks :Geo

Good News: 

• Foreign reserves are marginally up for the first time in four months.