Karachi: The KSE-100 index experienced significant volatility during the latest trading session, with substantial fluctuations throughout the day. The index opened on a subdued note, swinging between an intraday high of 78 points and a low of 5,118 points before closing down 4,688 points at 149,179. Market activity increased, with trading volumes rising by approximately 36% compared to the previous session.

According to AKD Securities Limited, from a technical standpoint, the KSE-100 index closed 14.8% above the lower Bollinger Band, with the bands themselves expanding to 134.63% wider than their normal range. This indicates a period of heightened volatility, suggesting that the index might soon stabilize into a more consistent trading range. The Bollinger Bands have extended for 18 periods, pointing to a possible shift towards consolidation in the near future.

The technical analysis identifies immediate support at 148,800, with further declines potentially leading to levels of 147,700 and 146,700. Conversely, resistance is projected at 151,800, followed by 152,500 and 153,800. Traders are advised to proceed with caution and employ stop loss strategies to navigate the current market conditions.