Karachi: The KSE-100 Index experienced a challenging trading session, opening positively but remaining under sustained selling pressure before closing 2,007 points lower at 163,924. This marked a significant intraday low of 2,149 points, with market participation showing a decline as trading volumes fell by approximately 9% compared to the previous session.

According to AKD Securities Limited, the index is trading 4.7% below its 200-period moving average, suggesting a broader bearish trend. While volatility aligns with the average level over the past 10 periods, volume indicators point to a balanced flow of funds, maintaining a neutral stance. Trend-following oscillators present a bearish outlook on short-term charts, though a technical rebound or pullback remains possible. The index registered a new 14-period low, with the RSI not confirming this move, indicating a potential bullish divergence.

Technical analysis suggests immediate support at 163,100, with a breach potentially extending the decline towards 162,500 and 161,800. Resistance is anticipated around 165,400, followed by 166,500 and 167,100. Investors are advised to accumulate positions during dips, with risk management focused below the support zone.