Karachi: The KSE-100 Index experienced a sharp decline during a volatile trading session, closing 1,521 points down at 161,282. The day began on a positive note but saw fluctuations, with the index reaching an intraday high of 582 points and a low of 1,644 points.

Market participation also saw a downturn, with trading volumes decreasing by 21% compared to the previous session. Despite the decline, the index closed above the lower Bollinger Band by 34.1%, though the bands are 4.23% wider than usual, suggesting an increase in volatility.

The Moving Average Convergence Divergence (MACD) indicator remains bearish, trading below its signal line. The bearish trend has persisted for 18 sessions, during which the index has declined by 1.97%. The trading range has been between a high of 168,414 points and a low of 156,328 points.

The report, released by AKD Securities Limited, highlights ongoing challenges for traders as the index continues to face pressure amid shifting market dynamics.