The market closed on a bearish note for the third consecutive week as the ASI declined by 1.25% last week, dragging the YtD return to -8.22%. Negative sentiment emerged across all sectors in the bourse, mostly across the large-cap stocks. Consequently, the market shed 1.25%, worsening YtD return and cheapening the market valuation. Consequently, we expect the market to close up this week, owing to the low prices of the counters at the end of last week.
Stock Recommendation- 13th May, 2019.
The market closed on a bearish note for the third consecutive week as the ASI declined by 1.25% last week, dragging the YtD return to -8.22%. Negative sentiment emerged across all sectors in the bourse, mostly across the large-cap stocks. Consequently, the market shed 1.25%, worsening YtD return and cheapening the market valuation. Consequently, we expect the market to close up this week, owing to the low prices of the counters at the end of last week. find attached for full report.