Karachi: The KSE-100 Index experienced a volatile session on Wednesday, opening positively and maintaining a bullish trajectory throughout the trading day. The index reached an intraday high of 1,840 points before closing with a gain of 471 points at 184,521. Despite the upward movement, market activity saw a slight moderation, with trading volumes declining by about 10% compared to the previous session.

According to AKD Securities Limited, the KSE-100 closed 9.4% below the upper Bollinger Band, with the bands 18.91% wider than their normal range, signaling a heightened level of price dispersion. The index is trading 9.7% above its 200-period moving average, underscoring the strength of the ongoing uptrend. While volatility remains subdued relative to the average of the past 10 trading sessions, volume indicators show moderate buying interest, indicating a mildly bullish undertone. Trend forecasting oscillators also remain positive, maintaining a bullish outlook for the past 11 trading sessions.

On the technical front, immediate support for the index is identified at 183,500, with a potential decline extending towards 182,500 and 181,000 if breached. Conversely, resistance levels are anticipated around 186,000, followed by 186,800 and 188,000. Investors are advised to consider accumulating positions with risks defined below the support zone.