Karachi: The KSE-100 index closed with a significant gain of 3,648 points at 107,175, despite experiencing intense volatility throughout the session. The index fluctuated between a high of 4,015 points and a low of 1,106 points, reflecting the day's tumultuous trading environment.

Trading volumes fell by 23% compared to the previous session, yet the index's position 6.9% above its 200-period moving average suggests a possible continuation of its upward trend. Market analysts from AKD Securities Limited noted that while volatility remains elevated beyond recent averages, it is expected to stabilize, contributing to a more balanced market outlook.

Technical indicators present a bullish perspective, with immediate support identified at 106,800. Should this level be breached, the index might decline further towards 106,100 and 105,500. Conversely, resistance is projected at 110,700, with additional potential targets at 111,500 and 112,300.

Investors are advised to consider accumulating positions, with clearly defined risk parameters below the support zone, as per the technical analysis from AKD Securities Limited. The market's current state suggests optimism for further gains, contingent on maintaining key support levels.