Islamabad: The Karachi Stock Exchange (KSE-100) index witnessed a positive closure in its latest trading session, ending at 78,226, marking an increase of 486 points day-on-day. The session saw a significant rise in trading volumes, suggesting heightened activity among traders.

According to JS Global, the KSE-100 is anticipated to enter a consolidation phase in the short term, with expectations to oscillate between its 50-day moving average (DMA) of 77,469 and its 30-DMA of 79,233. The market's technical indicators show mixed signals; while the Relative Strength Index (RSI) has shown improvement, the Moving Average Convergence Divergence (MACD) is trending downwards, indicating uncertainty in trading directions. Investors are advised to maintain caution, particularly at higher market levels, and to consider entering the market on dips. The established support and resistance levels stand at 77,957 and 78,465, respectively.