Karachi: The KSE-100 index experienced a volatile trading session, opening positively but closing with a significant loss, reflecting ongoing pressures in the market.

According to AKD Securities Limited, the index hit a peak of 287 points above its opening but dipped to a low of 493 points below, ultimately settling with a loss of 487 points at 78,084 points. Trading volumes surged by 35% compared to the previous session. The Moving Average Convergence Divergence (MACD) indicator remains positive, having crossed above its signal line three sessions ago, though the index has since declined by 0.90%, fluctuating between a high of 79,174 points and a low of 78,078 points.

The technical analysis suggests that the index may find initial support near 77,800 points. If it breaks below this level, further declines could target 77,500 and 77,200 points. Conversely, resistance is seen near 78,500 points, with potential to advance towards 78,800 and 79,100 points. Investors are advised to consider buying near the support zone with clearly defined risks.