Karachi: The KSE-100 index experienced a challenging trading session, closing 909 points lower at 179,604 after initially beginning on a mildly positive note. Persistent selling pressure throughout the day led the index to an intraday low of 2,276 points. Trading volumes fell by 15% compared to the previous session, indicating decreased market participation and subdued activity.

According to AKD Securities Limited, the index briefly dipped below its 50-day Simple Moving Average (SMA) but managed to close above it, suggesting that this level continues to provide near-term support. On the momentum front, the Relative Strength Index (RSI) remains below the neutral level, reflecting a softening momentum. The Moving Average Convergence Divergence (MACD) maintains a bearish stance, having traded below its signal line following a downside crossover 12 sessions ago. Since that crossover, the index has declined by 4.57%, fluctuating within a range of 189,521 on the upside and 178,237 on the downside.