The KSE-100 index experienced a range-bound trading session, closing at 113,837 points, marking a decrease of 659 points from the previous day. The trading volumes also declined, with 469 million shares exchanged compared to 659 million shares the day prior.

According to a statement by JS Global, the index is approaching its 30-day moving average (30-DMA) support level at 113,109. A decline below this point could trigger a corrective trend, with subsequent targets set at 112,014 and 110,134. Conversely, any upward movement will likely encounter resistance between 114,110 and 114,890 points. The indicators remain mixed, offering no definitive trading outlook. Investors are advised to remain cautious and consider waiting for market dips.

In individual stock performances, HBL’s price has stabilized, with a recovery seen as likely. The recommended strategy is to ‘Buy on dips,’ targeting prices of Rs178.16 and Rs182.90, with a stop-loss at Rs168.21.

PSO is maintaining its 30-DMA support, and the strategy here is also to ‘Buy on dips,’ with target prices of Rs400.00 and Rs410.00, and a stop-loss set at Rs388.05.