Karachi: The KSE-100 index of the Pakistan Stock Exchange ended a volatile trading day at 81,851, marking a decrease of 224 points. The trading volume reached 400 million shares, a drop from the previous session’s 482 million shares. Analysts predict that the index will retest resistance levels in the upcoming sessions, with potential for further movement depending on key resistance and support levels.

According to JS Global, the index is poised to challenge yesterday’s high of 82,463; surpassing this could target levels up to 83,849. Conversely, falling below 81,549, yesterday’s low, might lead to a retest of the 30-day moving average, currently at 78,900. Indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) show mixed signals, making the market’s direction unclear. Investors are advised to ‘Buy on dips’, maintaining a stop-loss order below 81,549. Observing the support at 81,445 and resistance at 82,359 will be critical in the coming days.