Karachi, The KSE-100 Index, a key benchmark for the Pakistan stock market, showed range-bound activity in its latest trading session. The index opened positively and maintained a narrow range throughout the day. It posted a high of 246 points and a low of 325 points, ultimately closing with a gain of 15 points at 57,078 points. Trading volumes were slightly lower compared to the previous session. Currently, the index is trending upwards, standing 28.2% above its 200-period moving average, with volatility levels remaining relatively normal.

According to AKD Research, the KSE-100 Index's technical analysis indicates that it may find initial support near the 56,800-point level. If it breaks below this support, the index could potentially weaken further, targeting levels around 56,500 and 56,100 points. On the other hand, the index may face resistance near 57,300 points, and if surpassed, it could move towards the 57,800 and 58,300-point areas. Volume indicators suggest strong flows of volume into the index, reflecting significant market activity. The report recommends traders to adopt a cautious approach and consider accumulating positions during times of weakness, keeping an eye on the identified support and resistance levels for strategic decision-making.