Karachi: KSE-100 index experienced a decline, closing at 182,570, which marks a drop of 1,382 points from the previous day. Trading volume was recorded at 1,034 million shares, slightly down from the 1,037 million shares traded earlier. Analysts anticipate that the index may re-test support at the 182,370 level, with a potential fall targeting a recent low of 180,590. Conversely, any upward movement could encounter resistance between 183,220 and 184,730, with a breakthrough possibly reaching 185,111 and 186,340 levels.

According to JS Global, the market indicators are currently mixed, offering no definitive trading view. Investors are advised to exercise caution, particularly on potential upward movements, and consider buying on dips. The identified support and resistance levels stand at 181,718 and 184,074, respectively. Specific stock strategies include OGDC, with a recommendation to buy on dips aiming for Rs304.80 and Rs309.79, while maintaining a stop loss at Rs294.58. Similarly, for BOP, the strategy suggests buying on dips with targets of Rs42.31 and Rs44.17, and a stop loss set at Rs40.35.