Karachi: The KSE-100 Index experienced a bullish session, closing with a modest gain of 802 points at 167,086, as trading volumes surged by 35% from the previous session. The index, which started the day strong and reached an intraday high of 1,640 points, continues to trade 21.4% above its 200-period moving average, signaling a sustained upward trend.

Market observers noted that volatility remains low compared to the average over the last ten sessions, with volume indicators pointing to moderate inflows into the index. This reflects a mildly bullish sentiment, supported by trend-forecasting oscillators maintaining their positive stance for seven consecutive periods.

From a technical perspective, immediate support for the index is identified at 166,500, with potential declines extending to 165,800 and 165,100 should this level be breached. On the upside, resistance is anticipated at 167,800, followed by 168,500 and 169,100. Market analysts recommend accumulating positions during periods of weakness, with risk management strategies in place below the support zone.