Karachi: The KSE-100 index experienced a turbulent trading session, closing 697 points lower at 170,479 amidst declining market activity. The index fluctuated between an intraday high of 927 points and a low of 921 points, and market participation dropped with trading volumes decreasing by approximately 19% from the previous session.

According to AKD Securities Limited, the KSE-100 index is currently trading 2.7% above its 200-period moving average of 166,066 and remains above its 100-day Simple Moving Average of 169,152. This indicates a supportive broader trend. Despite the volatility, which aligns with the average of the past ten periods, volume indicators show a balanced buying and selling flow, maintaining a neutral market stance.

From a technical viewpoint, the index's immediate support level is at 170,200. A breach below this could push the decline towards 169,600 and 169,000. On the other hand, resistance levels are anticipated at 171,100, followed by 171,800 and 172,600. The recommendation is to accumulate positions with risk management below the support zone.