Karachi: The KSE-100 index exhibited significant volatility in the last trading session, opening on a positive note, reaching a high of 787 points, and dipping to a low of 220 points before closing with a slight gain of 5 points at 85,669. The trading volume was up by 23% from the previous session, reflecting increased market activity.

According to AKD Securities Limited, the index showed a 0.5% deviation below the upper Bollinger Band, indicating that it is currently experiencing higher-than-normal volatility. The width of the Bollinger Bands, being 41.88% wider than usual, suggests potential stabilization and entrance into a trading range in the near term. The chart analysis points to an initial support level near 85,450 points. Falling below this support could lead to further declines towards 84,900 and 84,600 points. Conversely, resistance is likely near 85,900 points, with potential to advance towards 86,200 and 86,500 points. Traders are advised to consider buying positions with defined risks below the support zone.