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 from 831 million the day before. Market analysts anticipate the index to test its support level at 95,311, with further declines potentially targeting 94,802 and 93,710. Resistance is expected between 95,850 and 96,400. Investors are advised to exercise caution as technical indicators suggest a corrective trend.

According to JS Global, the Relative Strength Index and Stochastic Oscillator have shown signs of weakness, signaling potential corrections ahead. Immediate support is identified around 95,001, with resistance near 96,401. In individual stocks, ENGRO is suggested as a 'buy on dips' with target prices of Rs323.20 and Rs328.45, and a stop-loss at Rs315.58. MLCF is also recommended for 'buy on dips' with targets of Rs40.65 and Rs41.86, and a stop-loss at Rs39.19.