Karachi: The KSE-100 Index closed the trading session with a substantial gain of 574 points, despite starting on a negative trajectory and experiencing notable volatility throughout the day. The Index reached a low of 394 points and a high of 815 points before settling at 114,804 points. Trading volumes rose by 30% compared to the previous session, reflecting increased investor activity.

According to a statement by AKD Securities Limited, the KSE-100 Index remains 35.5% above its 200-period moving average, indicating a continuing upward trend. The high volatility observed is above the average of the last ten periods, suggesting that the market is experiencing dynamic movements. Volume indicators show a neutral position, with volume flowing into and out of the Index at a balanced rate.

On the technical front, the Index reveals key support near 114,500 points, which, if breached, could lead to declines towards 113,800 and potentially 113,200 points. Conversely, resistance levels are identified initially at 115,300 points, with further targets set at 116,000 and 116,800 points. Current trend forecasting oscillators remain bullish, and it is advised to accumulate positions while managing risk below the supportive zone.