Karachi: The KSE-100 index experienced a volatile trading session, closing at 114,496 points, marking a 308-point decrease from the previous day. Trading volumes increased to 659 million shares compared to 589 million shares in the previous session. Analysts suggest the index may consolidate above its 30-day moving average despite mixed trading indicators.

According to a statement by JS Global, the KSE-100 index could test support at the 114,298 level, with a potential fall targeting 112,818, the 30-day moving average. Resistance is anticipated in the range of 114,850 to 115,780, with a breakthrough possibly leading to the all-time high of 118,735 points. Investors are advised to remain cautious, particularly at higher levels, and to consider buying on dips.

In specific stock strategies, DG Khan Cement Company (DGKC) is advised for 'buy on dips' with target prices of Rs105.39 and Rs111.97, maintaining a stop loss at Rs101.51. Pakistan State Oil (PSO) is also recommended for 'buy on dips,' targeting Rs410.00 and Rs415.50, with a stop loss at Rs393.10.