Karachi: The KSE-100 index reached an all-time high during the latest trading session, posting a gain of 810 points and closing at 83,532. The index opened on a positive note and remained bullish throughout the session, hitting a peak of 884 points before settling lower by the end of the day. Trading volumes increased by 9% compared to the previous session, indicating a moderate flow of volume into the index.

According to AKD Securities Limited, the local bourse is currently 16.5% above its 200-period moving average and remains in an upward trend. Volume indicators reflect a mildly bullish outlook, with technical analysis suggesting that initial support may be found near the 83,200-point mark. If this support is breached, the index could weaken further to 82,800 or 82,400 points. On the other hand, the index may face resistance initially at 83,700 points, with potential targets of 84,000 and 84,600 points if the upward momentum continues. Investors are advised to initiate buying positions with risk defined below the support zone.