Karachi: The KSE-100 index continued its upward trajectory, closing 3,748 points higher at 184,050, bolstered by strong market participation. Trading volumes surged by approximately 60% compared to the previous session as the index reached an intraday high of 3,932 points.

According to AKD Securities Limited, the MACD indicates a sustained bullish trend, remaining above its signal line following a positive crossover 11 sessions ago. The index has advanced 6.76% since this crossover, moving within a range of 170,946 to 184,234. The RSI currently reads 68.74, comfortably above the neutral level, highlighting robust underlying bullish momentum.

From a technical standpoint, immediate support is identified at 183,000, with a potential decline towards 181,800 and 180,500 if breached. Resistance is anticipated around 186,000, followed by 186,800 and 188,000. The recommendation is to accumulate positions with defined risk below the support zone.