Karachi: The KSE-100 index is anticipated to continue its range-bound trading pattern, closing up by 151 points at 79,992. The market has shown a shift in volume, indicating a potential consolidation at these levels. Investors are advised to remain cautious, particularly at higher levels of trading.
According to JS Global, support for the KSE-100 index is currently found between 79,500 and 79,700, while resistance lies in the 80,110 to 80,350 range. A break above this resistance could target the recent high of 81,087. However, mixed indicators suggest there is no clear direction in the trading outlook, underscoring the need for investors to await more favorable market conditions before making significant moves.