Karachi: The KSE-100 index experienced a bullish session, opening the day strong and maintaining upward momentum to close 1,878 points higher at 179,571. Trading volumes surged by approximately 50% from the previous session, marking a significant increase in market activity.

According to AKD Securities Limited, momentum indicators are favoring the bullish trend, with the MACD remaining above its signal line. This bullish outlook has persisted for eight trading sessions, during which the KSE-100 has gained 4.16%, fluctuating between 170,947 and 182,186. Despite closing 19.1% below its upper Bollinger Band, the index shows slightly elevated volatility as indicated by the Bollinger Bands being 1.44% wider than their historical average.

On the technical front, immediate support for the index is identified at 179,100, with potential declines extending to 178,400 and 177,100 if breached. Resistance is anticipated around 180,800, followed by 181,500 and 182,300. Investors are advised to accumulate positions with risk defined below the support zone.