Karachi: The KSE-100 Index experienced range-bound activity on the trading floor, as it opened on a strong note but remained confined within a narrow band throughout the session. The index recorded an intraday high of 663 points and a low of 236 points, ultimately closing 130 points lower at 171,074.

Investor participation saw a decline, with trading volumes dropping by 27% compared to the previous session, according to AKD Securities Limited.

Technically, the KSE-100 Index has immediate support at 170,900. A breach below this level could lead to further declines toward 170,300 and 169,800. On the upside, resistance is anticipated around 171,800, with subsequent resistance levels at 172,500 and 173,000.

Market analysts recommend accumulating positions on weakness while maintaining a risk-defined strategy below the immediate support zone.