Karachi, The Karachi Stock Exchange's KSE-100 index endured a volatile trading session, opening with optimism but eventually closing with a loss of 80 points, settling at 71,971 points. Despite the day's loss, the trading volume was notably higher than the previous session, which analysts from AKD Securities interpret as a bullish signal due to the MACD's current position above its signal line.

According to AKD Securities Limited, since the MACD crossed above its moving average, the KSE-100 has gained 8.15%, with fluctuations ranging from a high of 72,593 to a low of 66,003. The technical analysis suggests initial support for the index around 71,700 points. A break below this level might lead to further drops towards 71,400 and eventually 71,000 points. Conversely, resistance might be encountered near 72,500 points, with potential climbs to 72,800 and 73,200 if overcome. Investors are advised to maintain a cautious approach and focus on profit-taking during this period.

The report also delineates various technical terms such as support and resistance levels, the Relative Strength Index (RSI), and Bollinger Bands to provide a comprehensive understanding of the market indicators. The RSI, currently at a 14-day measure, helps assess whether the market is overbought or oversold, guiding potential investment decisions. This sophisticated analysis aims to assist investors in navigating the complexities of market trends and making informed choices based on technical data.