Karachi: The KSE-100 index experienced a challenging trading session, closing in negative territory after persistent bearish sentiment dominated the day. The index declined by 3,546 points, ending at 111,327 after hitting an intraday low of 4,241 points.

Trading volumes saw a notable increase, rising by 37% compared to the previous session. Despite the higher trading activity, a significant bearish candle marked the day's trading pattern.

Over the past ten trading sessions, the index recorded four positive closings against six negative ones, resulting in a net of two negative closings. The Moving Average Convergence Divergence (MACD) indicator also signaled bearishness, having crossed below its signal line four sessions ago.

Technical analysis indicates immediate support at 111,100. Breaching this level could see the index fall further to 110,800 and 110,100. Conversely, resistance is anticipated around 112,500, with potential upward targets at 113,100 and 113,800.

Market participants are advised to adopt a cautious approach, utilizing stop-loss strategies around the support zones to mitigate potential risks.