Karachi: The KSE-100 index concluded its latest trading session marginally lower, recording a decrease of 61 points and settling at 78,045. This performance marks another range-bound session for the index, with trading volumes slightly increasing to 601 million shares from the previous session’s 591 million.

According to JS Global, the KSE-100 is anticipated to challenge its support at the 50-day moving average, currently positioned at 77,927 points. A breach of this support could initiate a downward trajectory, potentially setting the target at 76,943 points. Conversely, resistance is expected to form between the levels of 78,620 and 78,980. With mixed indicators providing no definitive trading direction, JS Global recommends that investors remain cautious at higher price levels and consider strategic purchases during dips.

Support and resistance levels for the subsequent sessions are identified at 77,851 and 78,429 points, respectively.