Karachi: The KSE-100 index experienced considerable volatility during the latest trading session, ultimately closing 2,321 points lower at 175,803. The market opened positively but saw fluctuations, reaching an intraday high of 571 points and a low of 2,333 points. Trading volumes also declined by 14% compared to the previous session.

According to AKD Securities Limited, the KSE-100 index closed 17.6% above its lower Bollinger Band, while the Bollinger Bands are 17.00% narrower than their historical average, suggesting compressed volatility. Over the last 50 trading sessions, the market has seen 24 bullish candles against 26 bearish ones, resulting in a net of two bearish candles. The Moving Average Convergence Divergence (MACD) indicator maintains a bearish trend, trading below its signal line after a bearish crossover six sessions ago. Since then, the index has decreased by 3.01%, fluctuating within a range of 173,349 to 183,478.