Karachi: The KSE-100 index closed at 188,203, marking a decrease of 385 points from the previous day, as trading volumes fell to 749 million shares from 870 million. The index is anticipated to test its recent low, with potential declines targeting 187,044 and 184,579. Conversely, resistance is expected between 188,420 and 189,525, with a breakthrough possibly reaching 191,033.

According to JS Global, technical indicators such as the RSI and MACD suggest a negative trend, advising investors to exercise caution. The support level is identified at 187,320, while resistance is at 189,303. For specific stocks, HBL has completed its correction phase, with a strategy to 'buy on dips' targeting Rs352.09 and Rs358.93, and a stoploss at Rs340.46. PPL is moving towards its recent high, with a similar 'buy on dips' strategy targeting Rs276.23 and Rs279.00, with a stoploss at Rs266.05.