Karachi: The KSE-100 index experienced a decline in trading activity, closing at 155,777 points, a decrease of 1,355 points from the previous day. Trading volumes also fell, with 623 million shares changing hands compared to 771 million shares in the prior session. The index is anticipated to test support at the 154,790 level, with potential for further decline to 151,259 if support is breached. Resistance is projected between 156,170 and 159,350 levels.

According to JS Global, technical indicators such as the RSI and MACD are pointing downward, suggesting a negative outlook. Investors are advised to exercise caution and consider buying on dips. Key support and resistance levels are identified at 154,391 and 157,563, respectively. In the stock market, PSO has generated a buy signal with targets at Rs374.75 and Rs383.66, with a stoploss at Rs350.50. UBL is experiencing consolidation above its 200-DMA, with a buy-on-dips strategy targeting Rs420.00 and Rs431.76, with a stoploss at Rs403.70.