Karachi: The KSE-100 index in Pakistan experienced a slight decline, closing at 119,103, down 50 points from the previous day. Trading volumes also saw a sharp decrease, with 338 million shares traded compared to 590 million in the prior session, indicating a phase of consolidation in the market.

Analysts predict the index may test the support level at Friday's low of 118,665. A breach of this level could trigger a corrective trend, with 116,104 as the downside target. Conversely, any upward movement is expected to encounter resistance between 119,540 and 119,980, with a potential breakthrough leading to a target of 120,797.

Market indicators remain mixed, offering no definitive direction for traders. As such, experts advise investors to exercise caution, particularly when considering actions at higher levels, and to wait for potential dips before making investment decisions. The current support and resistance levels are set at 118,664 and 119,542, respectively.

In specific stock strategies, ATRL is poised for potential gains, with a recommendation to 'buy on dips' targeting Rs654.00 and Rs669.56, while maintaining a stop-loss at Rs616.05. Similarly, HCAR is advised as a 'buy on dips,' with targets set at Rs302.49 and Rs312.50, and a stop-loss at Rs290.28.