Karachi: The KSE-100 index witnessed modest declines today, closing 103 points lower at 77,877 in a session marked by increased trading volumes and mixed investor sentiments.

According to JS Global, trading volumes for the session rose significantly to 604 million shares from the previous session’s 415 million, indicating heightened activity. The index showed signs of consolidation, remaining within a tight range with expectations to test a critical support at 77,817. A fall below this level could extend the ongoing downtrend, potentially targeting a lower support at 76,943. Conversely, any upward movement is expected to encounter resistance between 78,160 and 78,450, with the next significant barrier at the 30-day moving average of 79,055.

The advisory from JS Global suggests a cautious approach for investors, recommending a strategy of buying on dips during this period of uncertainty. Specific guidance was provided for stocks like OGDC and ENGRO, with recommended buying targets and stop-loss levels to manage risk effectively.