Karachi: The KSE-100 index experienced a volatile trading session, closing at 93,355, marking an increase of 131 points from the previous day. Trading volumes rose to 807 million shares, compared to 793 million in the prior session, indicating a slight uptick in trading activity.

According to JS Global, the market is currently in a consolidation phase. A fall below the previous day's low of 92,943 could initiate a corrective move, with potential downside targets at 92,046 and 90,827. On the other hand, resistance is anticipated in the 93,370-93,800 range, with an additional resistance level at 94,020. The market indicators remain mixed, providing no clear trading direction, and a cautious approach is advised at current levels. Immediate support is identified at 92,931, while resistance stands at 93,791.

In terms of individual stock strategies, SNGP is expected to maintain a steady uptrend. The recommended strategy is 'Buy on dips,' with target prices set at Rs91.11 and Rs93.90, and a stoploss at Rs87.00. Conversely, MLCF is predicted to continue its downward trend. The suggested strategy here is 'Sell on Strength,' targeting Rs40.41 and Rs38.46, with a stoploss at Rs41.94.