Karachi: The Karachi Stock Exchange’s benchmark KSE-100 index closed slightly higher in another volatile trading session, ending up 30 points at 85,483. The trading volume increased from the previous session, with 561 million shares exchanged compared to 504 million.

According to JS Global, the market is poised for further consolidation, indicating that the recent high of 86,451 could act as a major resistance level moving forward. Support for the index is identified between 84,920 and 85,340. A fall below this range could trigger a corrective trend. Market indicators present a mixed outlook, suggesting a lack of clear direction for traders. The advice from market analysts is for investors to remain cautious, particularly at higher price levels, and to consider buying on dips. The defined support and resistance levels for the upcoming sessions are placed at 84,922 and 85,898, respectively.

In individual stock strategies, JS Global recommends a ‘buy on dips’ approach for Attock Refinery Limited (ATRL), with target prices set at Rs320.64 and Rs326.29 and a stop-loss at Rs301.19. For DG Khan Cement (DGKC), the recommendation also follows a ‘buy on dips’ strategy, targeting Rs83.61 and Rs86.50 with a stop-loss at Rs78.24.