Karachi: The KSE-100 index experienced significant volatility during the trading session, ultimately closing with a loss of 813 points at 118,878. Despite opening on a positive note, the index recorded an intraday high of 900 points and a low of 1,018 points. Trading activity saw a decline, with volume dropping by 22% compared to the previous session.

The index closed 37.8% below the upper Bollinger Band, while the Bollinger Bands themselves were noted to be 107.43% wider than usual. This expanded range indicates a period of elevated volatility, though it suggests that this volatility may ease in the near future, potentially leading to the index consolidating or moving within a more defined range.

Chart analysis reveals immediate support for the index at 118,800. Should this level be breached, there is potential for further declines toward 118,300 and 117,700. Conversely, resistance is anticipated around 119,500, with further targets at 120,000 and 120,500. Analysts recommend accumulating positions with clearly defined risk below the support zone.

This analysis and outlook were provided by AKD Securities Limited, offering insights into the current market dynamics and potential future movements of the KSE-100 index.