Karachi: The KSE-100 index experienced a bearish trading session, concluding with a significant drop of 1,552 points, ending at 152,740. The market began on a negative trajectory and maintained this trend throughout, reaching an intraday low of 3,564 points. Trading volumes saw a considerable decline, falling by approximately 31% compared to the previous session.

According to AKD Securities Limited, the MACD indicator for the KSE-100 index has turned bullish after a crossover, trading above its signal line. Despite this technical signal, the index has shown limited movement, fluctuating between 153,322 and 150,728. Elevated volatility persists compared to the average of the last 10 periods, and volume indicators reflect balanced inflows and outflows, suggesting a neutral trend in trading volumes.

The technical analysis indicates immediate support for the index at 152,500, with the potential for further decline towards 151,500 and 150,300 if breached. Resistance levels are anticipated at 153,500, 154,800, and 155,500. A cautious trading approach with a stop-loss strategy is advised in the current market conditions.