Karachi: The KSE-100 index displayed a negative trajectory, closing at 145,383, down by 264 points. Trading volumes decreased to 548 million shares from the previous 713 million. Analysts suggest that the current pattern indicates potential consolidation, but a decline below Friday's low of 144,917 could trigger a corrective trend toward the 143,308 and 141,142 levels.

The index is expected to encounter resistance between the 146,500 and 146,810 levels if any upward movement occurs. Technical indicators, including the Relative Strength Index (RSI) and the Stochastic Oscillator, have shown signs of weakness, supporting the possibility of a corrective trend. Investors are advised to exercise caution at this stage, with support and resistance levels identified at 144,595 and 146,492, respectively.

Interloop Limited (ISL) closed above its 30-day moving average, with a 'buy on dips' strategy targeting Rs104.00 and Rs108.99 and a stop-loss set at Rs96.63. Meanwhile, DG Khan Cement Company (DGKC) is expected to continue its correction, with a 'sell on strength' approach targeting Rs175.67 and Rs171.14 and a stop-loss at Rs182.70.

The market outlook, provided by JS Global, highlights the need for investors to remain vigilant as technical indicators suggest caution in the near term.