Karachi: The KSE-100 index experienced a significant downturn, closing 3,500 points lower at 152,011, following a session marked by persistent pressure and declining trading volumes. The index reached an intraday low of 5,489 points, with market activity decreasing by approximately 52% compared to the previous session.

According to AKD Securities Limited, the market's technical analysis revealed a pattern of long lower shadow candles, indicating bearish trends. The past 50 sessions showed 19 bullish and 31 bearish candles, resulting in a net increase of 12 bearish candles. The index closed 40.8% above the lower Bollinger Band, with the bands being 5.75% narrower than usual, suggesting lower volatility. The Relative Strength Index (RSI) was recorded at 44.19, slightly below the neutral threshold.

Technical support for the KSE-100 is identified at 150,900, with potential further declines to 150,100 and 149,200 if breached. Resistance levels are anticipated around 152,800, 153,700, and 155,000. Trading is advised with caution, utilizing stop-loss measures below support areas.