Islamabad: The Karachi Stock Exchange's benchmark index, the KSE-100, experienced another day of range-bound trading, closing at 78,445, a slight decrease of 83 points from the previous day. Trading volumes increased to 348 million shares from 284 million shares.
According to JS Global, the KSE-100 index is expected to test support at 78,312. A drop below this level could extend the corrective trend, with subsequent targets at 77,158 and 76,262. On the upside, resistance lies between 78,500 and 79,000, with a potential breakout aiming for the all-time high of 80,060. Market indicators remain mixed, offering no definitive trading strategy. JS Global advises investors to "Sell on Strength," setting a risk limit above 78,979. Key support and resistance levels are identified at 78,243 and 78,715, respectively.