Karachi: The KSE-100 index experienced a decline, closing 3,363 points lower at 170,600, as trading volumes fell by approximately 21% from the previous session. Despite opening positively, the index faced pressure throughout the day, dropping to an intraday low of 3,566 points before recovering slightly.

According to AKD Securities Limited, from a technical standpoint, the KSE-100 remains above its 100-day Simple Moving Average (100-SMA) of 169,654, closing 29.6% below the upper Bollinger Band. The bands are currently 16.51% narrower than their usual range. Over the last ten trading sessions, the index has seen four positive and six negative closes, resulting in two net bearish sessions. The Relative Strength Index (RSI) is at 55.16, suggesting momentum remains relatively positive.

Immediate technical support for the index is identified at 169,600, with further declines potentially extending to 168,500 and 167,300 if breached. Resistance levels are projected around 171,800, 173,000, and 173,800. Investors are advised to consider accumulating positions with risk management strategies below the defined support zone.