Karachi: The Karachi Stock Exchange's KSE-100 index displayed significant volatility in its latest session, with fluctuations leading to a closing loss. The index oscillated between a high of 256 points and a low of 216 points before settling at 78,445 points, reflecting a net decrease of 83 points from the prior session.
According to AKD Securities Limited, trading volumes increased compared to the previous session, highlighting the heightened activity among traders. The Bollinger Bands indicate a widened volatility range, suggesting a heightened likelihood of the index consolidating into a less volatile trading range if this condition persists. The report suggests initial support for the index around 78,000 points, with potential drops targeting lower support levels at 77,800 and 77,500 points. Conversely, resistance is expected near 78,600 points, with further resistance projected up to the 79,400 points range. Investors are advised to adopt a cautious trading strategy and consider accumulating positions near the support zones, maintaining vigilance below these levels.