Karachi, The KSE-100 index closed down 80 points at 71,971 after a volatile trading session. The market saw a significant increase in trading volume, with 799 million shares traded, up from 599 million in the previous session. The index fluctuated with no clear direction as mixed technical indicators clouded the trading outlook.

According to JS Global, the KSE-100 is anticipated to challenge its previous day's high of 72,593. A successful break above this level could target a further rise to 73,646. Conversely, support levels are set between 71,190 and 71,580, and falling below this range could trigger a corrective downward trend. The Relative Strength Index (RSI) has declined, while the Moving Average Convergence Divergence (MACD) is on the rise, leading to an unclear market perspective. Investors are advised to remain cautious, particularly at higher price levels, and to consider buying during dips. Current technical support and resistance levels are noted at 71,583 and 72,476, respectively.