Karachi: The KSE-100 index experienced a turbulent session, marked by significant volatility, before closing with a decline of 563 points at 135,950. Trading activity saw an uptick, with volumes increasing by 18% compared to the previous trading day.

The index witnessed an intraday high of 1,245 points and a low of 676 points, falling below the upper Bollinger Band by 16.6%. The Bollinger Bands were notably wider than usual, at 139.44% above the normal range, suggesting a potential decrease in volatility as the index stabilizes within a defined trading range.

The Relative Strength Index (RSI) is currently at 74.55, indicating potential overbought conditions. The chart analysis highlights immediate support at 135,700. A breach could lead to further declines toward 135,200 and 134,700. Resistance is noted around 136,800, with further targets at 137,250 and 137,900.

Investors are advised to adopt a cautious trading approach, accumulating positions near the defined support zone while managing risks effectively.