Karachi: The KSE-100 index witnessed a decrease of 230 points, closing at 78,571 amidst diminished trading volumes, which saw a significant drop from the previous session’s 682 million shares to 512 million. This marks a continuation of the range-bound pattern observed in recent trading sessions.

According to JS Global, the index has fallen below the 30-Day Moving Average (DMA) and is now poised to test its support level at the 50-DMA, which stands at 78,368. If the index breaches this threshold, it could further the current downtrend. Conversely, resistance is anticipated between 78,970 and 79,180, pointing to potential obstacles should the market reverse direction. Current mixed trading indicators suggest an unclear future for the index, prompting a generally cautious stance among investors.