Karachi: The KSE-100 index experienced another decline, closing at 179,604, a drop of 909 points from the previous day. Trading volumes fell to 709 million shares from 874 million shares recorded earlier. The index is anticipated to test support at the 50-day moving average (DMA) at 179,203. A fall below this level could target 175,610. Resistance is expected at Friday’s high of 180,833, followed by the 30-DMA at 184,732. Momentum indicators show mixed signals, leaving the trading view unclear. Investors are advised to remain cautious and wait for market dips.

According to JS Global, support and resistance levels are identified at 178,283 and 180,879, respectively. The report highlights specific stock strategies. ATRL is reaching its support level, with a ‘buy on dips’ strategy targeting Rs850.01 and Rs868.79, with a stop loss at Rs813.99. For HCAR, the formation of a double bottom support suggests a ‘buy on dips’ strategy targeting Rs237.43 and Rs243.51, with a stop loss at Rs231.00.