Karachi: The KSE-100 index saw a continuation of range-bound activity, closing 207 points lower at 180,105, signaling a period of consolidation in the market. Trading volumes increased to 891 million shares from the previous 744 million. Market analysts suggest the index may test resistance levels between 181,430 and 182,350, with potential gains extending to 183,634 and possibly the all-time high of 191,033. A decline below 180,035 could see the index targeting the 30-day moving average (30-DMA) at 178,659, followed by the 50-DMA at 177,674.

According to JS Global, the current market dynamics suggest a strategy of 'buy on dips' for investors, with a recommended stoploss set below the 30-DMA. Key support and resistance levels are identified at 179,615 and 181,014, respectively. Specific stocks such as ISL and MLCF are highlighted for their potential, with ISL gaining momentum and MLCF expected to consolidate above key averages. Suggested strategies for these stocks also involve 'buy on dips', with respective targets and stoploss levels provided.