Karachi: The KSE-100 Index, a key benchmark of the Pakistan Stock Exchange, is poised to continue its upward trajectory in 2026 after closing CY25 with a remarkable 51% gain. The index surged by 58,927 points to reach a record high of 174,054, driven by sustained bullish momentum and strong technical indicators.

The long-term outlook for the KSE-100 remains positive, with projections indicating the index could reach 224,700 by the end of CY26. This optimism is supported by a consistent pattern of higher highs and higher lows, coupled with an upward alignment of key moving averages.

However, analysts caution that a decisive break below the 50-week moving average at 138,160 could temporarily disrupt the bullish stance. The range between 167,530 and 165,390 serves as a critical support area, with any pullbacks within this zone deemed corrective rather than trend-reversing.

On the upside, the 176,000 to 178,000 range presents a major resistance point. A close above this threshold would signal a breakout, setting the stage for a short-term target of 198,600. Beyond this, the KSE-100 is expected to achieve the projected level of 224,700, underpinned by a 100% Fibonacci Extension.

The sustained bullish trend since 2020 has been reinforced by the weekly timeframe structures and positive alignment of moving averages, signaling the broader market's strength and potential for continued growth in the coming year.