Karachi: The KSE-100 Index experienced a significant rise on Tuesday, closing 1,469 points higher at 170,642, amid an increase in trading volumes. The session began on a negative note but saw volatile trading activity, with the index fluctuating between an intraday low of 2,793 points and a high of 2,468 points.

According to AKD Securities Limited, the index's market participation strengthened, as evidenced by a 43% increase in trading volumes compared to the previous session. From a technical standpoint, the Moving Average Convergence Divergence (MACD) indicator remains bullish, having crossed above its signal line 24 sessions ago. Since this crossover, the index has gained 11.72%, trading within a range of 144,657 to 175,298.

The immediate support level for the index is identified at 169,800, with potential declines extending toward 168,500 and 166,500 if breached. Resistance is anticipated around 171,500, followed by 172,800 and 174,200. Market participants are advised to accumulate positions during periods of weakness, with risk management strategies defined below the support zone.