Karachi: The KSE-100 index experienced a tumultuous trading session, opening negatively and displaying volatility throughout the day before closing 794 points higher at 164,742. Despite the gains, market participation weakened significantly, with trading volumes decreasing by approximately 41% compared to the previous session.

According to AKD Securities Limited, the index is currently trading 0.8% above its 200-period moving average, indicating an upward trend on higher time frames. Although volatility remains elevated compared to the average of the past 10 sessions, volume indicators suggest a balanced flow of buying and selling activity. Trend forecasting oscillators continue to show a bullish outlook, hinting at potential further gains in the near term.

Technical analysis indicates that immediate support is at 164,200, with a breach possibly leading to further declines toward 163,300 and 162,500. On the upside, resistance levels are expected at 165,600, followed by 166,500 and 167,800. Analysts recommend a cautious trading approach, advising investors to accumulate positions on weakness while managing risks below the support zone.