Karachi: The KSE-100 Index experienced a volatile trading session, opening on a negative note and ultimately closing at 112,085, marking a loss of 479 points. The index saw fluctuations, hitting a high of 918 points and a low of 703 points throughout the day. Trading volumes also saw a reduction, decreasing by 18% compared to the previous session.

According to a statement by AKD Securities Limited, the Moving Average Convergence Divergence (MACD) indicator remains bearish, with the index trading below its signal line. Despite crossing below the signal line 39 sessions ago, the index has managed a 5.47% increase, ranging from a high of 118,735 to a low of 105,601.

Technical analysis indicates key support for the index near 111,800. Falling below this level could lead to further declines towards 111,300 and 110,500. On the upside, initial resistance is identified at 112,500, with subsequent targets at 113,100 and 113,600. It is advised to accumulate positions near support levels while managing risks below the support zone.