Karachi: The KSE-100 Index showed a positive performance, closing significantly higher despite a noticeable drop in trading volumes. The index rose to an intraday high of 3,383 points before ending 1,900 points up at 148,743. Trading activity saw a decline of about 24% compared to the previous session.

According to AKD Securities Limited, the technical indicators reveal that the Moving Average Convergence Divergence (MACD) remains in bullish territory, trading above its signal line for the past six sessions. However, during this period, the index has decreased by 2.62%, fluctuating between a high of 158,586 and a low of 144,657.

Technical analysis suggests immediate support for the index at 148,500, with potential declines extending toward 147,600 and 146,400 if breached. Resistance is anticipated around the 150,000 mark, followed by levels of 151,300 and 152,500. Traders are advised to approach with caution and implement stop-loss strategies below supportive levels.