Karachi: The KSE-100 index experienced a significant downturn, closing 1,200 points lower at 151,708 after dropping to an intraday low of 1,450 points. Trading volumes fell by approximately 22% compared to the previous session, indicating weakened market activity and a bearish tone throughout the day.

According to AKD Securities Limited, the KSE-100 closed 32.4% above the lower Bollinger Band, while the bands are 38.96% wider than their normal range, suggesting elevated volatility. The index is trading 4.6% below its 200-period moving average, reinforcing a downward trend. Trend forecasting oscillators have maintained a bearish outlook for 32 consecutive periods.

Immediate support for the index is identified at 150,800, with further declines possible toward 149,600 and 148,500 if breached. Resistance is anticipated around 152,500, 153,800, and 154,900. Investors are advised to trade with caution and implement stop-loss strategies below supportive areas.