Karachi: The Karachi Stock Exchange (KSE)-100 Index experienced a volatile trading session, opening higher but closing 292 points lower at 161,692. The market saw improved activity, with trading volumes rising by 5% compared to the previous session. The index marked an intraday high of 836 points and a low of 707 points, reflecting the ongoing range-bound trading pattern.

In the past ten sessions, the index has shown an even split of five positive and five negative closings. It currently stands 35.0% below the upper Bollinger Band, with the Bands being 37.63% narrower than usual, indicating a period of reduced volatility. The Moving Average Convergence Divergence (MACD) remains bullish, maintaining its position above the signal line. This bullish crossover occurred five sessions ago, contributing to a 0.47% gain within the trading range of 163,818 to 160,584.

Technical analysis indicates immediate support at 161,200, with potential declines extending towards 160,500 and 159,800 if breached. Resistance is expected at 162,500, followed by 163,100 and 163,500. Market analysts suggest accumulating positions during periods of weakness, with risk management strategies focused on the support zone.