Karachi: The KSE-100 index, Pakistan's benchmark stock market index, demonstrated a strong upward movement, closing with a substantial gain following an initial dip. The index closed 1,202 points higher at 139,420, with trading volumes seeing an 11% increase from the previous session.

The session began on a slightly negative note but quickly shifted to a bullish trend, reaching an intraday high of 1,684 points. Over the past ten trading sessions, the index recorded six bullish candles and four bearish ones, resulting in a net gain of two bullish candles.

Technical indicators suggest continued bullish momentum. The Moving Average Convergence Divergence (MACD) indicator remains in bullish territory, trading well above its signal line. This positive trend was signaled 17 periods ago, during which the KSE-100 index has risen by 12.09%, navigating a range between 122,223 and 140,585 points.

The sustained upward movement in the KSE-100 index reflects investor confidence and market resilience, with technical analysis indicating a potential for continued gains in the near term.