Karachi: In the latest trading session, the Karachi Stock Exchange’s KSE-100 index concluded with a modest gain of 30 points, closing at 85,483 after a day marked by high volatility. The index swung between a high of 297 points and a low of 679 points.

According to AKD Securities Limited, the trading volumes remained consistent with the previous session. Technical indicators show the market 11.4% below the upper Bollinger Band, with the bands themselves 43.09% wider than usual, signaling a likely decrease in volatility or the maintenance of the current trading range in the short term. This pattern of wide bands has been observed for three consecutive sessions.

The technical analysis suggests that the KSE-100 may find initial support around the 85,100 mark. If the index breaks below this support level, it could see further declines towards 84,800 and then 84,500 points. On the resistance side, initial challenges are expected around 85,600 points, with potential moves towards 85,900 and then 86,500 points. AKD Securities advises investors to consider initiating buying positions with a defined risk strategy below the support zone.