Islamabad, The KSE-100 Index experienced a continued correction, dropping 43 points to close at 70,290. Trading volumes slightly decreased to 440 million shares from 442 million in the previous session. Technical indicators suggest that the index may retest support levels, with potential further declines, while resistance might cap any upward movement.

According to JS Global, the Karachi Stock Exchange's benchmark index is anticipated to challenge support at the 69,783 level. A drop below this could lead the index towards 69,366 and potentially 68,300. Conversely, any upward momentum is expected to encounter resistance between 70,700 and 71,100. Current technical indicators, including a declining Relative Strength Index and a Sell signal from the Stochastic Oscillator, underline a bearish outlook. JS Global advises investors to exercise caution under the prevailing market conditions. Support and resistance levels are noted at 69,834 and 70,695, respectively.