Karachi: The KSE-100 Index demonstrated a strong bullish performance in its latest session, closing with a gain of 2,333 points, even as overall trading volumes saw a decline. The index reached an intraday high of 3,239 points and closed at 124,379, according to a report from AKD Securities Limited.

The session started on a positive note, with the index maintaining its upward momentum throughout the trading day. Despite the gains, trading activity was subdued, with volumes dropping by 10% compared to the previous session.

The Moving Average Convergence Divergence (MACD) indicator turned bullish, trading above its signal line. This bullish crossover, observed in the last trading session, suggests a continuation of the upward trend. Since the MACD crossed its moving average, the index has been trading within a range, reaching a high of 125,285 and a low of 122,223.

Market analysts suggest that the positive technical indicators may continue to drive the bullish momentum for the KSE-100 Index in the coming sessions.