Karachi: The KSE-100 index experienced a significant decline, failing to maintain its intraday high and closing down at 79,842, a decrease of 831 points day-over-day. Trading volumes were recorded at 496 million shares, compared to 610 million shares in the previous session.

According to JS Global, the index struggled to sustain its earlier gains, reaching a peak of 80,972 before falling. Analysts are closely monitoring support levels between 79,500 and 79,700. Should the index drop below these levels, a corrective trend is expected to emerge, potentially pushing the index down to 78,589 and 77,909. Conversely, any upward movement will encounter resistance between 80,210 and 80,600. Market indicators suggest a shift towards a bearish outlook, prompting a recommendation for investors to adopt a cautious approach at the current levels.