Karachi: The KSE-100 index concluded its trading session at 78,629, unable to hold on to its earlier high of 79,327, resulting in a decline of 199 points day-over-day. Trading volumes stood at 313 million shares, reflecting a decrease from the previous session's 371 million shares.

According to JS Global, a short-term consolidation phase is likely for the KSE-100 index. The analysis suggests that if the index falls below the recent low of 78,518, it might approach the 50-day moving average of 77,274. On the flip side, resistance is placed at the 79,327 level, with any breach above this possibly aiming for the 80,405 mark. The mixed indicators currently provide no clear direction for the market. Investors are advised to view any declines as buying opportunities, with a recommended stop-loss just below 78,518. Notably, the support and resistance levels are pegged at 78,322 and 79,131, respectively.