Karachi: The KSE-100 Index closed at 113,443, marking a decline of 1,599 points amid a session characterized by selling pressure and a minor increase in trading volumes. The Index recorded a low of 1,683 points and a high of 214 points during the trading day.

According to a statement by AKD Securities Limited, the session saw the formation of a black body, indicating a closure lower than the opening level. Over the last ten trading sessions, the market has experienced six black candles against four white candles, resulting in a net of two black candles. The Relative Strength Index (RSI), a momentum oscillator, currently stands at 52.20.

The chart analysis reveals crucial support near 113,200, with potential declines towards 112,800 and 112,300 if breached. Resistance is anticipated initially at 114,500, with further targets at 115,300 and 115,800. Market participants are advised to trade cautiously and consider accumulating positions with risk management below the supportive zone.