Karachi: The KSE-100 index showed resilience in the trading session, opening positively and maintaining an upward trajectory throughout the day. The index reached an intraday peak of 4,251 points, closing 955 points higher at 163,949. However, trading volumes saw a slight decrease, dropping approximately 3% compared to the previous session.
According to AKD Securities Limited, the market has experienced a predominance of bearish trends over the past ten sessions, with only two bullish and eight bearish candles, resulting in a net of six negative sessions. Despite the day's gains, technical analysis reveals that the Moving Average Convergence Divergence (MACD) indicator continues to signal bearish tendencies, remaining below its signal line following a recent crossover.