Karachi: The KSE-100 Index experienced a robust trading session, closing significantly higher at 185,099 points, marking a gain of 3,642 points. The session saw a strong opening and maintained its bullish momentum, reaching an intraday peak of 3,753 points. Trading volumes increased by 36% compared to the previous session, indicating strong market participation.
According to AKD Securities Limited, the index continues to trade well above its long-term trend, standing 26.3% above the 200-period moving average, confirming a sustained uptrend. Technically, immediate support for the index is seen at 183,800 points, with potential declines extending toward 183,100 and 182,000 points if breached. Resistance levels are identified at 185,700, 186,700, and 187,500 points. Investors are advised to consider accumulating positions during periods of weakness, with risks managed below the support zone.