Karachi: The KSE-100 Index experienced significant volatility, closing 3,703 points lower at 184,130 despite starting the session on a positive note. The market saw a marginal increase in participation, with trading volumes rising by 4% from the previous session. The Index remains 33.0% above the lower Bollinger Band, with the bands being 26.72% narrower than usual.

According to AKD Securities Limited, the market has seen 26 positive and 24 negative closes over the last 50 trading sessions, resulting in a slight net gain. The Index continues to trade 21.6% above its 200-period moving average, indicating an overall upward trend. However, volatility remains high compared to the average of the last 10 sessions. Volume indicators suggest balanced buying and selling activity, maintaining a neutral market stance, while trend forecasting oscillators continue to be bullish.

Immediate support for the Index is at 184,000, with potential declines extending to 183,500 and 182,600 if breached. Resistance is expected at 186,800, followed by 188,000 and 188,700. The recommendation is to accumulate positions during periods of weakness, with risks managed below the support zone.