Karachi: The KSE-100 index exhibited notable volatility during the trading session, ultimately closing with a substantial gain of 720 points at 119,691, signaling a potential approach toward an all-time high. Despite the positive outcome, trading activity saw a significant dip, with volume decreasing by 33% from the previous day.

The index reached an intraday high of 942 points and a low of 200 points, reflecting the market's fluctuating nature. According to the technical analysis by AKD Securities Limited, the Relative Strength Index (RSI) stands at 58.00, which is above the neutral level, indicating a sustained momentum above major moving averages on the daily chart.

The analysis indicates immediate support for the index at 119,300. Should this support be breached, the index could potentially decline towards 118,800 and 118,300. Conversely, resistance is anticipated around 120,200, with further targets identified at 120,700 and 121,300.

AKD Securities suggests accumulating positions with a calculated risk below the support zone, aligning with the market's technical indicators and potential targets.