Karachi: The KSE-100 index experienced a volatile trading session, closing 282 points higher at 98,080. Trading volumes reached 640 million shares, a decrease from the previous session's 1,249 million shares. The index is anticipated to encounter resistance within the 99,310 to 99,630 range, with a potential breakthrough aiming for a 100,284 target, possibly extending to 100,930. Conversely, support is noted between 96,000 and 97,140, with a drop below these levels indicating a corrective trend.

According to JS Global, the mixed indicators provide no definitive trading view, urging investors to proceed with caution at present levels. The current support and resistance levels are identified at 97,039 and 99,219, respectively. In related market movements, a pullback is expected for ATRL, with a "buy on dips" strategy targeting Rs488.65 and Rs495.95, and a stoploss at Rs465.00. Similarly, SNGP maintains a recovery trend with a "buy on dips" approach, targeting Rs85.52 and Rs88.93, and a stoploss at Rs82.30.