Karachi: The KSE-100 Index delivered a robust performance, closing the session with an increase of 258 points at 149,493, despite a significant drop in trading volumes by 21% compared to the previous session. The index exhibited a strong bullish trend, reaching an intraday high of 1,230 points.

The current market activity is characterized by heightened volatility, as indicated by the KSE-100 ending 14.3% below the upper Bollinger Band. The bands have been 45.33% wider than usual over the past three sessions, suggesting potential for volatility to diminish and prices to consolidate in the near future.

Technical analysis points to an immediate support level at 148,800. Should this level be breached, the index might decline further to 148,300 and 147,500. Conversely, resistance is anticipated at 149,800, with additional resistance levels at 150,500 and 151,200.

Market analysts from AKD Securities Limited recommend a cautious trading approach, advising investors to consider accumulating positions against well-defined support zones.