Karachi: The KSE-100 index closed at 181,310, registering a decrease of 120 points in a day marked by consolidation and range-bound trading. Trading volume increased significantly to 917 million shares from the previous session's 716 million shares, indicating heightened activity in the market.

According to JS Global, the index remains above the 30-day moving average, which currently serves as a support level at 178,946. A breach below this point could see the index targeting the 50-day moving average of 177,180. Conversely, any upward movement would encounter resistance between 182,000 and 182,350, with further gains potentially reaching 183,634, and the all-time high of 191,033. The firm advises investors to consider buying on dips, with the risk managed below the 30-day moving average. Current support and resistance levels stand at 180,638 and 182,165, respectively.

In individual stocks, International Steels Limited (ISL) is trading within a narrow range, with a recommended strategy of buying on dips targeting Rs90.32 and Rs95.85, with a stop loss at Rs86.21. Habib Bank Limited (HBL) is anticipated to resume its uptrend, with targets set at Rs332.33 and Rs337.33, and a stop loss at Rs321.70.