Karachi: The Karachi Stock Exchange's KSE-100 Index continued its bullish trajectory on Thursday, posting a remarkable gain of 2,052 points to close at 145,088. This robust performance reflected a 40% surge in trading volumes compared to the previous session, signaling heightened investor engagement.

The index reached an intraday high of 2,150 points, representing a 9.6% rise above the upper Bollinger Band. This breakout suggests a possible upward trend, though the index may remain within its current range due to the Bollinger Bands being 3.81% tighter than usual, indicating lower volatility.

Technical analysis indicates immediate support at 144,500. A breach of this level could see the index falling to 143,700 and 143,200. Conversely, resistance is anticipated at 145,700, with additional targets at 146,400 and 146,900.

Market participants are advised to exercise caution and consider accumulating positions near the defined support zone, with risk strategies in place to manage potential declines.