Karachi: The KSE-100 Index faced a turbulent session, closing down by 810 points despite reaching near its 50-SMA, with a slight increase in trading volumes. The Index fluctuated between a high of 904 points and a low of 917 points, ultimately finishing at 111,935.

According to a statement by AKD Securities Limited, the Index's performance on the technical chart indicates key support near 111,600. A breach below this threshold could lead to further declines toward 111,300 and 110,800. On the other hand, resistance is noted at 112,600, with additional targets at 113,200 and 113,800.

Trend forecasting oscillators have remained consistent in their outlook for the past 14 trading sessions, as the Index continues to hover near its 50-SMA. Analysts suggest a cautious trading approach, recommending position accumulation close to support levels while clearly defining risks below the support zone.