Karachi: The KSE-100 Index witnessed a turbulent trading session, marked by significant fluctuations and a decline of 309 points, closing at 114,496. Despite starting positively, the index faced a swing of 506 points on the low end and 969 points on the high end. Trading volumes fell by 9% compared to the prior session.

According to a statement by AKD Securities Limited, the wider Bollinger Bands, currently 43.80% broader than usual, suggest an elevated volatility level. However, this also indicates a possible stabilization within a defined trading range in the near future.

The technical chart reveals a key support level at 113,800. A breach of this level may lead to further declines toward 113,200 and 112,700. On the upside, the index could face resistance at 115,200, with further targets at 115,800 and 116,500. Investors are advised to accumulate positions while managing risks below the supportive zone.