Karachi: The KSE-100 index experienced a volatile trading session, ultimately closing with a gain of 450 points at 115,469. Despite the fluctuations, the index recorded an intraday low of 1,303 points and a high of 825 points. Trading volumes saw an 8% increase compared to the previous session, signaling improved market activity.

The index currently remains 16.8% above its 200-period moving average, maintaining an upward trajectory. Volatility levels are consistent with the average of the past 10 trading sessions. Market indicators suggest a balanced buying and selling activity, while trend forecasting oscillators have indicated a bullish trend for the last four sessions.

Technically, immediate support for the index is situated at 114,800. A breach of this level could see the index declining further toward 114,300 and 113,700. Conversely, resistance is anticipated around 116,000, with further potential targets at 116,500 and 117,300. Traders are advised to accumulate positions near the support zone and employ stop-loss strategies during intraday trading.