Karachi: The KSE-100 index witnessed robust gains in today’s trading session, starting on a strong note and maintaining bullish momentum to close significantly higher. The index peaked at a new high of 82,372 points before settling at 82,074 points, marking a 615-point increase from the opening.

According to AKD Securities Limited, the trading volumes saw a 32% increase from the previous session, indicating a heightened investor interest. The Moving Average Convergence Divergence (MACD) remains bullish, staying above its signal line since it crossed 20 trading sessions ago. This technical indicator suggests continued positive momentum, as the index has risen by 4.16% since the crossover.

Technical analysis predicts potential resistance near 82,500 points. Should the index breach this, it may aim for higher resistances at 82,800 and 83,200 points. On the downside, initial support is pegged near 81,800 points. A drop below this level could see the index testing further supports at 81,400 and 81,100 points.

Investment recommendations encourage initiating buying positions with a defined risk below the support zone. Specific stocks such as OGDC, DGKC, SHEL, AVN, and PSO are highlighted for buying opportunities, each with specified target and stop-loss levels. Conversely, stocks like KOSM, EPCL, PRL, ATRL, and ASL are suggested for selling with detailed range and target settings.