Karachi: The KSE-100 Index closed with a gain of 757 points, ending the session at 112,744, despite experiencing significant volatility and recording a decline in trading volumes by 6% from the previous session.

According to a statement by AKD Securities Limited, the index began on a positive trajectory, fluctuating between an intraday low of 270 points and a high of 890 points. The daily chart analysis shows the index remains below the 50-day simple moving average (SMA) but above the 100 and 200-SMAs.

Current volatility levels are reported to be extremely low compared to the average over the last ten periods, indicating potential for future volatility and sharp price movements. The volume indicators suggest a neutral stance, as they reflect a balanced volume flow into and out of the index.

Technically, the index finds key support at the 112,500 level. A breakdown below this could lead to further declines toward 112,300 and 111,600. On the upside, resistance is noted at 113,300, with additional targets at 113,800 and 114,500. It is recommended to consider accumulating positions near these support levels while managing risks by setting stop-losses below the support zone.