Karachi: The KSE-100 index experienced a decline as it failed to maintain its intraday high of 92,967, closing at 92,021, down 283 points from the previous day. Trading volumes increased to 889 million shares, compared to 753 million shares in the earlier session. The index is anticipated to test support at 91,891, which was the low of the previous day. A fall below this level could trigger a corrective trend, with targets of 91,395 and 90,424. On the upside, resistance is expected between 92,290 and 92,700. Current momentum indicators show mixed signals, suggesting no clear trading view. Investors are advised to remain cautious at these levels, with support and resistance identified at 91,620 and 92,695, respectively.

According to JS Global, the strategy for HCAR suggests a ‘buy on dips’ approach, targeting price points of Rs294.60 and Rs303.38, with a stoploss set at Rs275.00. For ISL, the strategy remains ‘buy on dips’ as well, targeting Rs77.50 and Rs79.26, with a stoploss at Rs74.34.