Karachi: The KSE-100 index experienced another day of volatility, closing at 113,569, a decline of 534 points from the previous day. Trading volumes increased to 421 million shares from the previous session's 400 million. The current trading pattern suggests the consolidation trend in the market is likely to continue.

Market analysts indicate that a further decline below 113,418 may trigger a downtrend with a target set at 110,632. Conversely, resistance is anticipated in the range of 114,020 to 115,100, with the 50-day moving average at 115,367. Technical indicators remain mixed, providing no definitive trading signal, prompting advice for investors to exercise caution.

Support and resistance levels are identified at 112,960 and 114,635, respectively.

In individual stock news, Attock Refinery Limited (ATRL) is expected to maintain a steady recovery with a 'buy on dips' strategy. The target prices are set at Rs539.95 and Rs550.78, with a stop loss at Rs522.00.

Similarly, International Steels Limited (ISL) shows positive indicators with a 'buy on dips' strategy, targeting Rs76.41 and Rs78.84, with a stop loss at Rs69.40.

These analyses were provided by JS Global, a prominent research source in the financial sector.