Karachi: The KSE-100 index closed lower at 85,453, reflecting a decline of 216 points. Trading volume decreased to 504 million shares from the previous session’s 596 million. Technical indicators, including the RSI and Stochastic Oscillator, suggest the index may enter a corrective phase, with key support at 85,248 and resistance at 85,836.

According to JS Global, the KSE-100 is poised to retest its recent low at 85,426, potentially triggering further declines to 85,012 and 84,122. Conversely, a surge above the resistance levels of 85,630 to 85,840 could propel the index toward 86,451. Investors are urged to remain vigilant due to the anticipated market fluctuations.

In related developments, ATRL and PPL are expected to rebound, adopting a ‘Buy on dips’ strategy. ATRL aims for targets of Rs304.00 and Rs310.27 with a stop loss at Rs293.50, while PPL targets Rs136.10 and Rs141.76, setting a stop loss at Rs130.60.