Karachi: The Karachi Stock Exchange's KSE-100 index saw significant volatility in trading, despite robust volumes, as it swung between an intraday high of 796 points and a low of 917 points. The session concluded with the index falling by 880 points, closing at 156,141.

The index's performance showed a slowdown in trading activity with volumes lower than the previous session. However, the KSE-100 index remains 28.0% above its 200-period moving average, indicating a continued upward trend. Volatility was consistent with its 10-period average, while volume indicators suggested moderate inflows, which are mildly bullish. Despite this, trend forecasting oscillators are maintaining a bullish stance, although the momentum oscillator indicates the index may be in an overbought zone.

Chart analysis from JS Global points to immediate support at the 155,800 level. A break below this could lead to further declines towards 155,300 and 154,700. Resistance is expected at 156,900, with further challenges at 157,500 and 158,100. Analysts recommend accumulating positions near the defined support zone, with caution advised below this level.