Karachi: The Karachi Stock Exchange's KSE-100 Index experienced a volatile trading session, closing 533 points down at 113,252. Despite opening positively, the index fluctuated significantly, hitting an intraday low of 583 points and a high of 482 points, with trading volumes increasing by 12% from the previous session.

According to a statement by AKD Securities Limited, the KSE-100 Index is currently hovering around its 50-day Simple Moving Average (SMA) and holding above the 100 and 200 SMA. The Relative Strength Index (RSI), a momentum indicator, stands at 51.07, indicating a neutral position. The daily Parabolic SAR is positioned below the current index level, suggesting a positive short-term outlook.

The technical chart identifies key support around 113,200, with potential losses accelerating if the index dips below this level, targeting 112,800 and 112,300. Resistance is initially seen at 114,000, with further targets at 114,500 and 115,000. Traders are advised to accumulate positions near the support levels while managing risks by setting stop-losses below the support zone.