Karachi: The KSE-100 index experienced a challenging trading session, continuing its downward trend and closing at 114,853, a drop of 1,336 points. The index reached an intraday low of 1,539 points, reflecting a significant dip in trading activity, with volumes decreasing by 36% from the previous session.

Technical indicators suggest persistent bearish momentum, with the MACD remaining below its signal line for the fourth consecutive session. Since this bearish crossover, the index has seen a slight decline of 0.05%, moving between a high of 117,602 and a low of 110,104.

On the support side, the index finds its nearest level at 114,300. A breach below this could lead to further declines toward 113,700 and 113,200. Resistance is projected at 115,500, with additional challenges at 116,000 and 116,700. Traders are advised to consider positions near these support zones while implementing risk management strategies, such as placing stop-loss orders below critical levels.