Karachi, The KSE-100 index experienced a decline, losing 445 points to close at 70,658 in a session marked by lower trading volumes and bearish momentum. Investors are advised to remain cautious as technical indicators point towards potential further declines.

According to JS Global, trading volumes decreased to 437 million shares from 561 million in the previous session. The index is anticipated to test a support level at 70,562, which if broken could lead to a steeper decline towards 69,783 and potentially 68,439. Conversely, any upward movement is expected to encounter resistance between 70,840 and 71,300. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are trending downwards, reinforcing the bearish outlook. Investors are recommended to treat any price increases as opportunities to sell, with a risk limit set above the 71,293 mark. The defined support and resistance levels stand at 70,382 and 71,113, respectively.