Daily Sentiment Analyzer - 6th July 2022

Pakistan Stock Exchange (PSX) on the third trading day of this week breaks bearish momentum due to a sudden fall in global commodity prices and KSE 100 Index climbed +57.22 points to close the benchmark index at 41,159.79 levels.

 

The sentiment indicator depicts bullish and bearish sentiment in the Pakistan Stock Exchange (PSX), where the KSE100 Index currently operates under a Sell sentiment, where 38% are under the short-term bullish sentiment and 62% of stocks are under a short-term bearish sentiment.

Meanwhile, 15% of stocks are operating under a long-term bullish sentiment and 85% of stocks are operating under a long-term bearish sentiment.

 

The auto sector stayed in the limelight after the FBR’s direction to pay car maker KIBOR+3pc/annum penalty, upon late delivery of cars exceeding 60days of initial booking. Overall lackluster performance witnessed before the long holidays and 98 million shares traded in KSE All Share Index today, where AGL,UNITY,ANL and LOTCHEM remained among the top Volume leaders.

 

EK Global Capital strives to be the best value provider to our clients and potentials, and in our pursuit for excellence, we try our best to keep our clients ahead in the financial sphere.