FLASHNEWS:

KSE-100 Index Hits Record High in Karachi

Karachi, In a remarkable trading session, the KSE-100 index surged, setting a new all-time high. The index opened positively and maintained its bullish momentum throughout the session, closing with an 870-point gain at 67,756 points.

According to AKD Securities Limited, the performance of the KSE-100 index was impressive, with trading volumes exceeding those of the previous session. Technical indicators, including the Daily Parabolic SAR and the Relative Strength Index (RSI), suggest a strong market position, with the RSI nearing 69.43.

The analysis indicates that the KSE-100 index may find initial support around 67,400 points. Should it break below this level, the next supports are anticipated at 67,100 and 66,800 points. Conversely, resistance levels are expected near 68,100 points, with potential to extend to 68,500 and 68,800 points. Investors are advised to build positions near the support zone, maintaining a well-defined risk threshold below these levels.