KARACHI: The KSE-100 index concluded its session with a decrease of 697 points, marking a close at 170,479. The session was characterized by range-bound trading, with a volume of 727 million shares compared to the previous 697 million.

According to JS Global, the index remains above the 30-day moving average (DMA), which is expected to provide support at the 168,658 level. A drop below this could target the 200-DMA at 166,066. Conversely, any upward movement is likely to encounter resistance between 171,630 and 172,800, with a breakthrough potentially driving the index to 177,729. Investors are advised to consider a 'Buy on dips' strategy, with risk management below the 30-DMA. The identified support and resistance levels are 169,788 and 171,636, respectively.

In individual stock analysis, PSO is recommended for 'Buy on dips', targeting prices of Rs355.00 and Rs362.64, and a stop-loss at Rs346.00. Similarly, MLCF's strategy suggests 'Buy on dips', with targets of Rs89.60 and Rs93.00, and a stop-loss at Rs85.42.