Karachi, The Karachi Stock Exchange (KSE) 100 index experienced a volatile session, ultimately closing at 71,359 points, a decline of 74 points from the previous session. Volumes remained nearly flat at 656 million shares, indicating a period of consolidation for the index.

According to JS Global, the index is expected to face resistance at its all-time high of 71,861 points. If the index breaks through this level, it could target the 72,245 level, followed by 73,646. On the downside, support is expected in the range of 71,000 to 71,200 points. If the index falls below this support level, it could signal a corrective trend.

Technical indicators suggest a mixed outlook, providing no clear trading view. This has led to recommendations for investors to maintain a cautious approach, especially when the index is at higher levels, and to look for dips for entry. The support and resistance levels are currently at 71,183 and 71,691, respectively.

Given the uncertain direction of the market, investors are advised to exercise caution and closely monitor trading patterns to determine the best course of action. With the index experiencing fluctuations, the coming sessions could present opportunities for strategic trades based on market movements.