Karachi: The KSE-100 index showed a robust performance as it surged by 2,474 points to close at 160,657, marking an intraday high of 2,761 points. The session opened positively, maintaining strong upward momentum throughout. Trading volumes increased by 17% compared to the previous session, indicating heightened market participation.

The KSE-100 index stands 20.3% above its 200-period moving average, underscoring its ongoing uptrend. Despite lower-than-average volatility over the past ten sessions, indicators suggest potential for increased volatility and sharper market swings in the near future. Volume indicators reflect a neutral stance, with balanced buying and selling activity.

Technical analysis identifies the immediate support level at 160,100. A breach below this point could potentially lead the index further down to 159,600 and 158,800. On the resistance side, the index could face challenges at 160,900, with further resistance at 161,900 and 162,500.

Market analysts recommend a cautious trading approach, advising investors to accumulate positions during market weakness while keeping risks defined below the support zones.