Karachi: The KSE-100 index witnessed a notable decline, closing at 116,255, down by 1,332 points from the previous day. Trading volumes decreased to 820 million shares from 936 million shares. Market analysts predict the index may revisit the previous day's low of 115,942, with potential further declines to 113,717 and 110,618. Resistance is expected between 116,980 and 118,010. Trading indicators remain mixed, leading to caution among investors.

According to JS Global, they advise investors to remain cautious at the current levels, highlighting support and resistance at 115,220 and 118,012, respectively. In specific stock recommendations, DGKC is advised to be purchased on dips, targeting Rs103.40 and Rs106.68, with a stop-loss set at Rs98.11. Similarly, HCAR is recommended for purchase on dips, targeting Rs322.95 and Rs326.60, with a stop-loss at Rs307.50.