Karachi: The Karachi Stock Exchange's KSE-100 index experienced a turbulent trading session, closing at 116,020, a decrease of 755 points from the previous day. Trading volumes reached 482 million shares, slightly up from 479 million shares in the prior session.

The index is approaching the 30-day moving average (DMA) set at 115,706, with potential to fall further to the 50-DMA at 114,542. On the upside, resistance is anticipated between 116,400 and 117,430 levels. Current momentum indicators offer no clear trading direction.

Investment experts from JS Global are advising a 'Buy on dips' strategy, with defined risk management below the 50-DMA. Key support and resistance levels are identified at 115,390 and 117,037, respectively.

In stock-specific strategies, DGKC is nearing its 50-DMA support, with a recommended strategy of 'Buy on dips' targeting Rs126.99 and Rs128.41, and a stop-loss at Rs121.39. Similarly, HCAR's strategy also suggests 'Buy on dips', targeting Rs302.13 and Rs308.49, with a stop-loss set at Rs294.90.