Karachi, The Karachi Stock Exchange (KSE) 100 Index experienced a notable decline, dropping 266 points to close at 65,152, signaling potential challenges ahead for investors. The trading session witnessed significantly reduced volumes compared to the previous day, emphasizing the market's cautious sentiment.

According to JS Global, the technical analysis of the KSE-100 Index suggests a bearish outlook, with immediate support projected at 64,750 points. A breach of this level could lead the index to further test supports at 64,357 and 63,857 points. Conversely, any upward movement faces resistance between 65,250 and 65,450 points, with a successful break potentially targeting the 66,196 mark.

The recent downward movement in key indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) aligns with the negative trend prediction. These indicators underline the necessity for investors to maintain caution in the current market environment.

JS Global recommends that investors closely monitor support and resistance levels, which are identified at 64,960 and 65,438 points, respectively. The emphasis on cautious investment strategies reflects the broader market uncertainties and the potential for continued volatility in the near term.