Karachi: The KSE-100 index experienced a bullish session, closing 1,226 points higher at 153,966, after reaching an intraday high of 4,703 points. Trading volumes saw a significant increase of approximately 50% compared to the previous session, indicating improved market participation.

According to AKD Securities Limited, the index closed 37.1% above the lower Bollinger Band, while the bands themselves are 68.95% wider than their normal range. This expansion suggests elevated volatility in the market. The prolonged expansion of the Bollinger Bands, now lasting 22 trading sessions, points to a potential moderation in volatility and a shift towards a more stable trading range in the near term.

The immediate support for the KSE-100 is identified at 153,500. A breach below this level could lead to further declines toward 152,500 and 151,500. Conversely, resistance is anticipated at 155,000, with further levels at 156,300 and 157,800. Traders are advised to adopt a cautious approach and implement stop-loss strategies amidst the current volatility.