Karachi: The KSE-100 index experienced a decline, closing at 95,546, down 310 points from the previous day. Trading volumes increased to 1,138 million shares, compared to the previous 831 million shares. The index is anticipated to test support at 95,311, with potential for further decline to targets of 94,802 and 93,710. Resistance is expected between 95,850 and 96,400.

According to JS Global, technical indicators such as the RSI and Stochastic Oscillator reflect weakness, pointing towards a corrective trend. Investors are urged to exercise caution at current levels, with immediate support around 95,001 and resistance near 96,401. The strategy for ENGRO is to 'buy on dips' with a target of Rs323.20 and Rs328.45, and a stop-loss at Rs315.58. For MLCF, a pullback is anticipated, with a 'buy on dips' strategy targeting Rs40.65 and Rs41.86, and a stop-loss at Rs39.19.