Karachi: The KSE-100 Index experienced a tumultuous trading day, ultimately closing with a gain of 466 points at 151,673. Despite the positive close, market activity was subdued, with trading volumes falling by approximately 24% compared to the previous session, indicating a cautious approach among investors.

According to AKD Securities Limited, the index began the session on a negative note and fluctuated within a range of an intraday low of 2,078 points and a high of 805 points. From a technical perspective, the KSE-100 closed 44.7% above the lower Bollinger Band, with the bands being 23.11% narrower than usual, suggesting relatively low volatility. The past 10 sessions have seen a net increase of two bullish candles, with six bullish and four bearish candles recorded.

The index is positioned near its 5-day simple moving average and is likely to remain above this level in the short term. The Relative Strength Index (RSI) stands at 44.34, reflecting momentum slightly below the neutral threshold. Immediate support is identified at 151,300, with potential declines towards 150,500 and 148,500 if breached. Resistance levels are projected at 154,700, 155,600, and 156,800. A cautious trading approach with stop losses below supportive areas is recommended.