KSE-100 Index Faces Resistance, Slight Decline in Latest Trading Session

Lahore, The KSE-100 index, a major benchmark for the Pakistani stock market, concluded a volatile trading session with a minor decline, closing down three points at 72,761. The market's movements suggest a cautious approach for investors as the index navigates near its all-time resistance levels.

According to JS Global, the KSE-100 experienced fluctuating activity, with volumes reaching 622 million shares compared to 578 million shares in the previous session. The index is approaching a critical resistance zone between 73,260 and 73,300, where surpassing this range could potentially rejuvenate its upward trajectory. Conversely, a drop below the support levels of 72,350 to 72,560 could lead to a corrective phase. The mixed signals from market indicators highlight an uncertain trading outlook, with a recommendation for investors to maintain a selling position if the index falls below 73,301.