Karachi: The KSE-100 Index experienced a significant surge, hitting an all-time high of 82,004 points before closing at 81,459 points, up 998 points from the previous session. The bullish trend was supported by a 24% increase in trading volumes, signaling strong market momentum.

According to AKD Securities Limited, the session opened with positive momentum and maintained a bullish stance throughout. The occurrence of a rising window in the day’s trading pattern is indicative of a potential continuation of this upward trend. This is the fifth rising window observed in the last 50 sessions, enhancing the bullish outlook for the market.

The technical analysis suggests that the KSE-100 Index might initially find support near the 81,200 point level. If it dips below this, it could potentially weaken towards the 80,800 and 80,500 points levels. Conversely, resistance might be encountered near 82,100 points, with possibilities of advancing towards the 82,500 and 82,800 points areas. Investors are recommended to initiate buying positions with risk management strategies set below the support zone.