Karachi: The KSE-100 index experienced a significant drop in trading on the latest session, opening weak and encountering persistent selling pressure throughout the day. The index fell to an intraday low of 6,751 points and closed 4,626 points lower at 181,629. Despite the steep decline, trading volumes increased by approximately 45% compared to the previous session, indicating heightened market participation.

According to AKD Securities Limited, the KSE-100 index opened with a bearish gap-down on average trading volumes, which suggests the potential for a runaway gap. This could imply a continuation of the current trend. Despite the recent downturn, the index remains 7.6% above its 200-period moving average, reflecting that the long-term upward trend is still in place. Volume indicators show moderate buying interest, suggesting mildly positive money flows. The Relative Strength Index has decreased to 57.18, maintaining a position above the neutral threshold, which indicates that underlying momentum remains positive.

From a technical standpoint, the immediate support level is identified at 181,300, with a potential decline extending to 179,500 and 177,800 if breached. Resistance is anticipated around 183,500, followed by 185,800 and 186,500. It is advised to accumulate positions with risk defined below the support zone.