Karachi: The KSE-100 index experienced a slight decline, falling 85 points to close at 112,925 after reaching an intraday high of 113,437. Trading volumes saw a notable increase, with 670 million shares exchanged, up from 487 million shares in the previous session. The index is anticipated to consolidate between its 50-day moving average (DMA) at 112,771 and 30-DMA at 113,902.

According to a statement by JS Global, the Relative Strength Index (RSI) has decreased, while the Stochastic Oscillator is moving upward, providing no definitive trading signals. Investors are advised to consider any potential downturn as a 'Buy' opportunity, with defined risk below the 50-DMA. The support and resistance levels for the index are identified at 112,552 and 113,367, respectively.

In related market activity, ISL is consolidating above its 200-DMA, with a strategy to 'Buy on dips,' targeting Rs82.19 and Rs86.50, and a stop-loss at Rs79.00. SNGP is also projected to continue its steady recovery with a similar 'Buy on dips' strategy, targeting Rs95.05 and Rs100.06, with a stop-loss set at Rs88.55.