Karachi: The KSE-100 index experienced a volatile trading session, ultimately closing at 113,862, marking a decline of 666 points. Trading volumes saw a 15 percent increase from the previous session, reflecting heightened activity in the market.

According to a statement by AKD Securities Limited, the index began positively but fluctuated significantly, hitting a low of 678 points and a high of 235 points. Despite the decline, the MACD indicator remains in bullish territory, trading above its signal line for four periods. During this time, the index has recorded a slight gain of 0.11 percent, with fluctuations between 115,890 and 111,857 points.

The technical analysis highlights key support around 113,500 points, with potential for accelerated losses if this level is breached, targeting 113,200 and 112,800 points. Resistance levels are identified at 114,500, with further targets at 115,000 and 115,500 points. Traders are advised to accumulate positions near support levels while implementing risk management strategies, such as setting stop-losses below the support zone.