Karachi, The Karachi Stock Exchange (KSE) showcased a bullish trend in its recent trading sessions, with the KSE-100 index witnessing a substantial rally. The index closed at a high, gaining 374 points to settle at 65,526 points, underscoring a positive sentiment among traders.

According to AKD Securities Limited, the trading volumes increased significantly compared to the previous session, with the index closing higher than its opening level for the fourth time over the last ten trading days. Despite the presence of six black candles indicating selling pressure during this period, the dominance of white candles in recent sessions reflects buying interest in the market.

The technical analysis indicates that the KSE-100 index may encounter initial support at around 65,300 points. Should the index fall below this support level, it could potentially weaken towards the 65,000 and 64,700 points levels. Conversely, resistance is expected near 65,700 points, and surpassing this could see the index aiming for 66,000 and 66,300 points.

The Bollinger Bands, a measure of market volatility, are notably narrower than usual, suggesting a period of lower volatility relative to the KSE-100 index's typical range.

AKD Securities advises traders to maintain a cautious approach, recommending building positions near the support zone while defining risks below this threshold for optimal trading strategy.