Karachi: The KSE-100 index experienced a volatile trading session, opening with positive momentum but ultimately closing down by 366 points at 81,292. The trading volume for the day was slightly up by 1% from the previous session.

According to AKD Securities Limited, the index, which is currently 14.1% above its 200-period moving average, showed signs of potential stabilization despite the increased volatility, which was significantly higher than the average observed over the past 10 trading sessions. Technical analysis suggests that the index might find initial support around 81,100 points, with further potential decline to 80,800 and 80,400 points if it breaks below this threshold. On the upside, resistance could be encountered near 81,500 points, with possibilities to push towards 81,800 and 82,200 points.

Investment strategies included recommended buy positions for stocks like OGDC, KOSM, FCCL, HUBC, and FFBL, with specified target prices and stop-loss orders. Conversely, selling recommendations were advised for ISL, EPCL, ANL, ATRL, and ASL, also with clear target ranges and stop-loss settings.