Karachi, The KSE-100 index experienced a volatile trading session but concluded with a strong gain of 771 points, setting a new record high at 72,743 points. Despite the lower trading volume compared to the previous session, the index managed to maintain its bullish trajectory as indicated by key technical indicators like the MACD.

According to AKD Securities Limited, the MACD remains above its signal line, suggesting sustained bullish momentum since it crossed its moving average. This crossover has coincided with a 9.31% increase in the index. Support levels are anticipated around 72,300 points, with further potential support at 72,000 and 71,700 points if declines occur. Conversely, resistance might be encountered near 73,000 points, with possibilities of advancing towards 73,500 and 73,800 points. Investors are advised to use a cautious approach and implement a trailing stop loss strategy to manage risks effectively.