Karachi: In a robust performance during the last trading session, the KSE-100 Index closed significantly higher at 86,058, marking a gain of 807 points. The session featured a marked 57% increase in trading volumes compared to the previous session, reflecting strong investor participation.

According to AKD Securities Limited, the market’s technical indicators suggest bullish momentum, with the Moving Average Convergence Divergence (MACD) trading above its signal line, a trend that has correlated with a 9.22% increase in the index since the MACD last crossed its moving average. The trading range during this period stretched from a high of 86,520 to a low of 77,990.

The technical analysis forecasts potential support for the index near 85,800 points, with further support levels at 85,500 and 85,100 points if declines occur. Conversely, resistance might be encountered first near 86,200 points, extending towards 86,500 and potentially up to 86,800 points. Investors are advised to consider buying positions, with risk management defined below the support zone.