Karachi: The KSE-100 Index ended the trading session on a positive note, closing with a gain of 2,787 points at 114,114. Despite a decline in trading volumes by 24% compared to the previous session, the index maintained a bullish trend, driven by a strong intraday high of 3,220 points.

The index is currently trading close to its 100-day simple moving average, indicating potential stability. Short-term technical indicators are showing signs of improvement, and the Relative Strength Index (RSI) stands at 45.70, which is below the neutral threshold.

Technical analysts note that immediate support for the index is at 113,800. If breached, the index may drop further to 113,350 and 112,800. On the resistance front, the index faces challenges around 114,900, with further targets identified at 115,600 and 116,100.

Investors are advised to accumulate positions near the support zone while managing risk accordingly, as per the guidance from AKD Securities Limited.