Karachi: The KSE-100 index experienced a volatile trading session, opening on a positive note but facing fluctuations throughout the day. The index reached an intraday high of 587 points and a low of 77 points, ultimately closing with a gain of 112 points at 118,333.

Trading activity saw an 18% increase in volume compared to the previous session, while the index finished 36.2% below the upper Bollinger Band. The wider-than-usual Bollinger Bands, currently 113.28% wider, signal heightened market volatility. This could indicate a potential shift toward a consolidation phase in the near term.

Technical analysis suggests immediate support at 118,000, with a breach potentially leading the index to 117,500 and 116,800. Resistance is expected around 119,500, with further targets at 120,200 and 120,800. Analysts recommend accumulating positions with risk considerations below the support zone.