Karachi: The Karachi Stock Exchange's KSE-100 index faced a downturn, ending the day at 81,292, marking a decline of 366 points. The trading volumes also saw a reduction, with only 339 million shares exchanged, compared to 424 million in the previous session.

According to JS Global, the index is expected to stabilize with support anticipated between 81,030 and 81,190. Should it dip below this bracket, a downward correction is likely, aiming for a target of 79,371, which aligns with the 30-day moving average. On the flip side, any push upwards is predicted to meet resistance from 81,430 to 81,850. Surpassing this could set the stage for reaching new peaks, potentially testing the all-time high at 82,906. Both investors and traders are advised to monitor these critical levels closely, as the current market conditions call for heightened caution.