FLASHNEWS:

KSE-100 Experiences Volatility with Low Trading Volumes

Karachi, The Karachi Stock Exchange's benchmark KSE-100 index experienced a turbulent trading session, closing with a loss amidst lower volumes compared to the previous session.

According to AKD Securities Limited, the index oscillated between gains and losses, hitting a high of 299 points and a low of 264 points before closing down by 209 points at 66,796 points. Recent sessions have shown a mixture of white and black candlesticks, with a slight predominance of white, suggesting a net positive sentiment. Currently, the KSE-100 is maintaining its upward trend, standing 21.8% above its 200-period moving average, with volatility remaining low.

Technical analysis indicates potential support around the 66,500 points mark, with further declines possibly leading to the 66,100 or 65,800 levels. Resistance is anticipated near 67,400 points, with potential upward movements towards 67,800 and 68,200 points. Traders are advised to adopt a cautious approach and consider accumulating positions near the support zone while maintaining defined risks.