Karachi: The KSE-100 index experienced a downward trend, closing at 174,454 points, marking a decrease of 5,150 points. Trading volumes increased to 773 million shares, compared to 709 million shares in the previous session. The index is poised to test support at the 173,574 level, with a potential drop targeting 172,382 points. Resistance is anticipated within the 176,000-178,425 range, followed by the 50-day moving average at 179,366 points.

According to JS Global, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are declining, reinforcing a bearish outlook. Investors are advised to exercise caution under current market conditions. Key support and resistance levels are identified at 172,029 and 178,424 points, respectively.

In individual stock analyses, Attock Refinery Limited (ATRL) finds support at the 30-day moving average. JS Global suggests a 'buy on dips' strategy targeting Rs834.29 and Rs843.22 with a stop-loss at Rs818.40. Similarly, D.G. Khan Cement Company Limited (DGKC) is expected to recover from its 200-day moving average, with a recommended 'buy on dips' strategy targeting Rs216.70 and Rs221.76, and a stop-loss set at Rs208.51.