Karachi: The KSE-100 Index experienced a bearish trading session today, marked by significant volatility. Despite opening strongly, the index ended the day in negative territory, closing with a decline of 1,405 points at 114,064. This decline came after reaching an intraday low of 1,602 points and a high of 1,190 points.

Trading activity slowed, with volumes dropping by 11% compared to the previous session. The Moving Average Convergence Divergence (MACD) indicator turned bearish, slipping below its signal line, contributing to a 0.83% fall in the index since the crossover. During this period, the index fluctuated between a high of 116,659 and a low of 113,717.

Immediate support for the index lies at 113,900. If this level is breached, analysts predict further declines toward 113,600 and 113,100. Conversely, resistance is expected around 114,700, with additional potential targets at 115,200 and 116,000.

Market experts recommend a cautious trading approach, suggesting the use of stop-loss strategies within the support zone to mitigate risks.

The session's decline and volatility underscore the importance of careful market analysis and strategic decision-making for investors navigating the current environment.