Karachi: The Karachi Stock Exchange’s benchmark KSE-100 Index showed mixed movements during the recent trading session, starting positively and experiencing volatility throughout. Closing the day with a gain of 73 points at 78,356 points, the index saw fluctuations between a high of 362 points and a low of 32 points. Trading volumes decreased by 18% compared to the previous session. Currently, the index stands 13.0% above its 200-period moving average, indicating potential stability amidst lower volatility relative to recent sessions. Technical indicators suggest the possibility of increased volatility and sharp price movements in upcoming sessions, with initial support projected around 78,200 points and resistance near 78,800 points.

According to AKD Securities Limited, the index may find further support levels at 77,800 and 77,500 points if it breaches the initial support. Conversely, resistance levels are expected at 79,100 and 79,400 points upon surpassing initial resistance. Market analysts advise initiating buying positions near the support zone with defined risk parameters below it.