Karachi: The KSE-100 Index experienced significant growth in its latest trading session, with a surge of 315 points, closing at 79,333 points. This performance marks a substantial increase in market activity, with trading volumes up by 45% compared to the previous session.

According to AKD Securities Limited, the local stock market maintained a bullish trend throughout the session, reaching a peak gain of 999 points. The index is now positioned 12.9% above its 200-period moving average, indicating a robust upward trend. Market volatility remained stable, and volume indicators showed a balanced flow of investments in and out of the KSE-100. Trend forecasting oscillators have been positive over the last seven sessions, suggesting continued bullish sentiment.

Technical analysis by AKD Securities highlighted potential resistance and support levels for the index. Initial resistance is expected near 79,700 points, with further resistance possible at 80,000 and 80,300 points. On the downside, support might be found around 79,200 points. A break below this level could lead to declines towards 78,800 and 78,500 points. Investors are advised to consider buying near the support zones with clearly defined risks.

The report also included specific trading recommendations for various stocks, indicating buy and sell ranges, along with target prices and stop loss levels for optimal trading strategies.