Karachi: The KSE-100 Index saw a downturn as trading volumes fell by 25% compared to the previous session. The index closed at 113,837, marking a decline of 659 points. Throughout the session, the index fluctuated, hitting a low of 865 points and a high of 389 points.

According to a statement by AKD Securities Limited, the market's technical analysis showed mixed signals with a net of eight white candles over the past 50 bars. The index closed below the upper band by 49.5%, while Bollinger Bands were 39.85% wider than normal. The RSI, a key momentum oscillator, stood at 55.47, indicating a near-neutral position.

Key support has been identified near the 113,500 mark, with potential declines if breached, potentially leading to levels of 112,800 and 112,300. On the upside, resistance is anticipated initially at 114,500, with further targets set at 115,000 and 115,800. Traders are advised to proceed with caution and to consider accumulating positions with risk consideration below the supportive zone.