Karachi: The KSE-100 index witnessed significant volatility during the latest trading session, fluctuating between an intraday high of 1,585 points and a low of 586 points, before closing 451 points down at 178,472. Trading volumes decreased by nearly 50% compared to the previous session, reflecting a notable moderation in market activity.

According to AKD Securities Limited, the index currently stands 19.8% below its upper Bollinger Band, with the bands being 3.28% wider than their historical average, indicative of increased market volatility. Despite the fluctuations, momentum indicators such as the MACD have maintained a bullish bias, remaining above its signal line. This bullish crossover was established six trading sessions ago, during which the index has advanced 3.52%, moving within a range of 170,947 to 182,186.

On a technical level, immediate support for the index is identified at 177,800. Should this level be breached, further declines could extend toward 177,200 and 176,400. On the upside, resistance is anticipated around 180,500, with subsequent levels at 182,000 and 183,500. The recommendation is to accumulate positions while managing risk below the support zone.