Karachi: The KSE-100 index displayed significant volatility, closing with a gain of 41 points at 119,690. The trading session saw the index fluctuate between an intraday high of 636 points and a low of 398 points, reflecting uncertain market conditions.

Trading volumes dropped sharply, down 49% from the previous session, as the index ended 22.8% below the upper Bollinger Band. The bands themselves were noted to be 108.65% wider than usual, a clear indicator of the heightened volatility in the market.

Over the past ten sessions, the index has experienced four gains against six losses, resulting in a net of two negative closings. Immediate technical support is identified at 119,300. A breach of this level could see the index decline to 118,800 and potentially further to 118,300.

Conversely, resistance is anticipated at 120,500, with additional targets at 121,300 and 122,000. Investors are advised to consider accumulating positions, with risk managed below the support zone.