Islamabad, The Karachi Stock Exchange (KSE-100) index continued its upward trajectory, reaching historic highs in its latest trading session. The index opened on a positive note and remained bullish, ultimately gaining 524 points to settle at a record 71,433 points.

According to AKD Securities Limited, the market displayed significant trading volumes, with activity surpassing previous sessions. The Moving Average Convergence Divergence (MACD) indicator remains bullish, having crossed above its signal line 14 sessions ago, contributing to a 7.34% increase in the index since then. Currently, the KSE-100 has ranged from a high of 71,861 to a low of 66,003 points.

Technical analysis suggests initial support for the index near 71,200 points, with potential weakness pushing it towards 70,800 and 70,500 points if breached. Conversely, resistance is likely near 71,900 points, with further ceilings at 72,200 and 72,500 points. Traders are advised to maintain a cautious approach and focus on profit-taking.

The report also includes a glossary of terms to aid investors in understanding key concepts like support, resistance, RSI (Relative Strength Index), and various technical indicators such as Bollinger Bands and exponential moving averages, providing a comprehensive toolkit for market participants.