Islamabad: The Karachi Stock Exchange (KSE-100) index witnessed a significant surge in its latest session, closing with robust gains amidst heightened trading activity. The index, a key indicator of market health, escalated by 760 points, concluding at 77,874 points following a notably bullish trading day.

According to AKD Securities Limited, the session opened on a strong note and maintained a positive trajectory, peaking with a high of 855 points above the opening. The trading volumes were notably higher than those recorded in the previous session, indicating increased investor participation and confidence. Currently, the index stands 16.2% above its 200-period moving average, showcasing sustained growth momentum.

Volatility was higher than average, yet volume indicators suggest a balance in the buy and sell pressures, maintaining market stability. Technical analysis from AKD Securities predicts potential support for the KSE-100 around the 77,500-point mark. Should the index breach this level, it may face further declines toward 77,100 and 76,800 points. On the upside, resistance is anticipated near 78,200 points, with possible ascents to 78,500 and 79,200 points.

Investors are advised to consider entering positions near the support zone, with a clear risk strategy defined below the support level, to capitalize on the current market dynamics.