Karachi: The KSE-100 index demonstrated a robust performance, closing 1,767 points higher at a level of 175,286 after reaching an intraday high of 3,183 points. Despite the positive momentum, trading volumes declined by approximately 39% compared to the previous session, indicating moderated activity in the market.

According to AKD Securities Limited, the KSE-100 index continues to trade 3.5% above its 200-period moving average, suggesting that the broader uptrend remains in place. Current elevated volatility is expected to decrease in the near term, potentially resulting in more stable price movements. Volume indicators show neutral money flows, with balanced buying and selling pressure.

In technical terms, the immediate support level for the index is at 174,000, with further declines possible towards 172,800 and 171,500 if breached. Resistance is anticipated around 176,500, followed by 177,300 and 178,500. It is advised to accumulate positions with a defined risk below the support zone.