Islamabad: The KSE-100 index experienced a volatile trading day, swinging between gains and losses before ultimately closing with a substantial increase of 390 points at 157,945. Despite fluctuating by as much as 1,277 points intraday, the benchmark index demonstrated resilience, hinting at a potential upward trajectory.

Investor engagement weakened, as evidenced by a 7% dip in trading activity compared to the previous session. Technical indicators reveal that the KSE-100 ended significantly below its upper Bollinger Band, suggesting potential room for growth. Recent performance shows a mixed bag, with four positive and six negative closings over the past 10 sessions.

Analysts observing volume trends perceive moderate fund inflows, indicating a cautiously optimistic outlook. Chart examination suggests immediate support for the index at 157,400. A breach below this level could lead to further declines, targeting 156,800 and 156,200. Conversely, resistance is projected at 158,800, with subsequent obstacles at 159,400 and 160,100. Market strategists advise accumulating positions near the established support level, while acknowledging the downside risks.