Karachi: The KSE-100 Index closed on a positive note after a day of significant volatility, finishing at 113,247, up 609 points. The session saw the Index swing between a low of 625 points and a high of 916 points, with trading volumes decreasing by 20% compared to the previous session.

According to a statement by AKD Securities Limited, the Index ended 45.7% above the lower Bollinger Band, while the bands themselves were 48.35% wider than normal. This suggests a higher-than-usual volatility, with a potential for reduced volatility and the Index settling into a trading range in the near term.

Technical analysis indicates key support around the 112,800 level, with the possibility of declines to 112,200 and 111,500 if breached. Conversely, resistance is expected first at 113,800, with subsequent targets at 114,500 and 115,300. Accumulating positions is advised, with risk management below the supportive zone.