KSE-100 Index: Market Faces Challenges Amid Recovery Attempt 🔹 **Key Levels to Watch:** • **Immediate Support:** 111,350–110,900 (potential downside target) • **Critical Support:** 109,400 (key support zone) • **Next Major Support:** 108,800–108,400 (extended downside targets) • **Immediate Resistance:** 112,030–112,500 (near resistance zone) • **Key Resistance Zone:** 112,980–113,500 (selling pressure zone) 🔹 **Outlook:** The KSE-100 Index started the session on a positive note, reaching a high of 113,253 points, but struggled to maintain momentum and closed at 113,088 points, up 1,345 points. Despite the recovery, the market is facing resistance, and a potential pullback toward the 111,350–110,900 range remains in play. If the index fails to hold the key support level at 109,400, a deeper decline toward the 108,800–108,400 range could unfold. Total trading volume stood at 348.5 million shares, valued at PKR 15.1 billion. The RSI reading suggests a weak bullish momentum, reinforcing concerns about a possible short-term bearish phase. While the market is under pressure, buyers may emerge around the 110,450–109,400 zone, potentially triggering a reversal. On the upside, a breakthrough above 112,500 could test the next resistance zone at 112,980–113,500 and possibly 114,100–114,200. • **Bullish Scenario:** A strong move above 112,500 could drive the market toward 112,980–113,500 and 114,100–114,200, signaling further gains. • **Bearish Scenario:** A failure to hold support at 109,400 may lead to further downside, testing 108,800–108,400. Traders should approach the market with caution, focusing on price action around the key support and resistance levels, and consider a cautious trading strategy. #kse100 #stockmarketanalysis #marketupdate #tradingstrategy #azeesecurities