Karachi: The KSE-100 index continued its upward trajectory, maintaining a bullish stance that saw it gain 517 points to close at 134,300. The index began the session positively and sustained its momentum throughout the day, reaching an intraday high of 1,150 points. This marked a positive close for the seventh time in the last ten trading days.

Trading activity experienced a slight decrease, with volumes dropping by 11% compared to the previous session. Despite this, the overall sentiment remained optimistic, as the MACD indicator stayed above its signal line for the tenth consecutive session. Since crossing above the signal line, the index has appreciated by 7.98%, moving within a range of a high of 134,932 and a low of 122,223.

Technical analysis suggests immediate support for the index at 133,800. A breach of this level could see the index fall to 133,200 and 132,700. Conversely, resistance is anticipated around 134,700, with potential upward targets at 135,200 and 135,650. Market analysts recommend accumulating positions near the support zone, with a defined risk below it.