Karachi: The KSE-100 index experienced a significant decline, closing at 181,456, a drop of 1,113 points from the previous day. Trading volumes also decreased, with 820 million shares changing hands compared to 1,034 million shares in the prior session. The index is approaching a critical support range, with levels between 180,590 and 180,790 being closely monitored for potential further declines.

According to JS Global, a breach of these support levels could lead the index to target the 179,043 mark. Conversely, any upward movement will encounter resistance between 181,985 and 183,720. Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) continue to show downward trends, reinforcing a cautious outlook. Investors are advised to remain vigilant, particularly with potential upward movements, and consider purchasing during market dips. Current support and resistance levels are noted at 180,254 and 183,188, respectively.

In other market movements, OGDC and ATRL stocks are showing upward trends. For OGDC, a 'buy on dips' strategy is recommended, targeting Rs311.00 and Rs315.90, with a stop-loss set at Rs302.32. Similarly, ATRL is suggested as a 'buy on dips,' aiming for Rs756.94 and Rs764.50, with a stop-loss at Rs737.01.