Islamabad: The KSE-100 index showcased a robust performance in the last trading session, overcoming a negative opening to post a significant gain, closing at 78,106 points. This upward trend reflects a solid bullish sentiment among traders as the index remains well-supported above a crucial technical marker.

According to AKD Securities Limited, the index experienced an 8% decline in trading volumes compared to the previous session but managed to sustain its level above the 50-day Simple Moving Average (SMA). The daily Parabolic Stop and Reverse (SAR) indicator, currently positioned below the index’s level, supports the ongoing bullish trend.

The technical analysis suggests that the index might encounter initial support near the 77,900 points level. Should it break below this, there could be a further slide towards 77,500 and 77,100 points. Conversely, resistance is expected near 78,450 points, beyond which the index might aim for higher levels at 78,900 and 79,300 points. Investors are advised to consider buying near the support zone, with clearly defined risks below these levels.