Islamabad: The KSE-100 index closed lower, shedding 483 points to finish at 157,555 after a volatile trading day that saw it fluctuate between gains of 813 points and losses of 792 points.

While trading activity remained robust, overall volume eased by 6% compared to the preceding session. Technical analysis paints a mixed picture. The Moving Average Convergence Divergence (MACD) remains bearish, continuing a trend that began five sessions prior and has coincided with a 1.40% index rise. This rise has occurred within a range of 154,486 to 159,337.

The Relative Strength Index (RSI) currently sits at 73.13, indicating potentially overbought conditions.

Chartists have identified key support levels at 157,200. Should the index break below this level, further declines towards 156,500 and 155,800 are possible. Conversely, resistance is projected at 158,400, with additional barriers at 158,800 and 159,400. Analysts advise accumulating positions near the identified support level, while acknowledging the risk of further declines.