FLASHNEWS:

KSE-100 Index Experiences Range-Bound Session Amid Market Consolidation

Karachi: The KSE-100 index closed at 179,927 after a range-bound session, marking a decrease of 2,315 points. Trading volumes reached 845 million shares, showing a decline from the 949 million shares traded previously. Investors are advised to consider any market decline as a buying opportunity, with risk management emphasized below the 177,455 level. The index is expected to find support at 179,449, with potential resistance between 180,170 and 181,150 levels.

According to JS Global, the ATRL stock is anticipated to continue its upward trend, with a recommended 'buy on dips' strategy targeting Rs948.00 and Rs965.74, and a stop loss set at Rs908.50. Meanwhile, PSO closed above its 50-day moving average, with a similar 'buy on dips' strategy advised, targeting Rs363.96 and Rs371.00, and a stop loss at Rs348.51.