Karachi: The KSE-100 index witnessed a notable increase during the latest trading session, closing 769 points higher at 166,186. Despite the upward movement, the index remains 3.5% below its 200-period moving average, indicating that the broader trend is still downward. Trading volumes experienced a significant uptick, increasing by approximately 17% compared to the previous session, reflecting increased market participation.

According to AKD Securities Limited, the index reached an intraday high of 1,460 points but failed to close above the 10-SMA, settling at 166,710. Market volatility remains low compared to its 10-period average, which may suggest an impending volatility surge accompanied by sharp price fluctuations. Volume indicators show a balanced flow of funds, indicating neutral market sentiment at present.

Technical analysis suggests immediate support at 165,500, with a breach potentially extending the decline toward 164,800 and 164,100. On the upside, resistance levels are projected at 166,700, followed by 167,400 and 168,000. Market participants are advised to accumulate positions on price dips, with risk parameters defined below the support zone.