Karachi: The KSE-100 index experienced a volatile trading session, opening positively but closing 251 points lower at 179,084 after touching an intraday high of 1,434 points. Trading volumes decreased by approximately 25% compared to the previous session.

According to AKD Securities Limited, the Market View noted that the MACD continues to signal bullish momentum, trading above its signal line following a bullish crossover nine sessions ago, with the index gaining 8.05% since then. The index's range has fluctuated between a high of 180,769 and a low of 164,356. Among momentum indicators, the RSI currently stands at 72.47, indicating strong momentum in overbought territory. The index closed 5.9% above the upper Bollinger Band, suggesting potential for further upside, although the prevailing trading range is likely to continue in the near term.

Technical analysis highlights immediate support at 178,500, with a potential decline toward 177,300 and 176,500 if breached. Resistance is expected around 179,500, followed by 180,500 and 181,800. Accumulating positions on dips is recommended, with risk defined below the support zone.