Karachi: The KSE-100 Index experienced a volatile trading session, closing 641 points higher at 165,418. The index recorded an intraday high of 853 points and a low of 716 points, with trading volumes increasing by approximately 64% compared to the previous session.

According to AKD Securities Limited, the Moving Average Convergence Divergence (MACD) remains bearish, trading below its signal line following a bearish crossover four sessions ago, leading to a 1.21% decline in the Index since then. The KSE-100 has fluctuated between a high of 169,487 and a low of 164,060, closing 11.5% above the lower Bollinger Band, with Bollinger Bands being 49.37% narrower than usual, suggesting subdued volatility.

The technical analysis indicates immediate support for the Index at 165,000, with potential declines towards 164,400 and 163,900 if breached. Resistance levels are anticipated around 166,500, 166,900, and 167,400. The recommendation is to accumulate positions during dips, with risks managed below the support zone.