Karachi: The KSE-100 index demonstrated a slight recovery in its latest trading session, closing at 79,944, a minor decline of 48 points from the previous day. Trading volume increased to 437 million shares, up from 389 million.
According to JS Global, the KSE-100 index, after bottoming out at 78,612, showed signs of potential upside but encountered resistance at 80,322. A breakthrough above this level could set the stage for reaching a recent peak of 81,087. Conversely, the index is expected to find support between 78,930 and 79,630. The market indicators remain mixed, suggesting a lack of a clear direction for traders. JS Global advises investors to exercise caution and consider entering the market on dips. The identified support and resistance levels stand at 78,930 and 80,640, respectively.