Karachi: The KSE-100 index experienced a robust upward trajectory, closing the session with a substantial gain of 6,079 points at 122,247. Trading volumes surged by 62%, reflecting heightened market activity. The index currently stands 15.0% higher than its 200-period moving average, confirming a sustained upward trend.

Volatility remains notably high compared to the last 10 sessions, although market stabilization is anticipated in the near term. Volume indicators reveal a balanced capital flow, while trend forecasting tools maintain a consistent bullish outlook for the 24th consecutive session.

The technical analysis identifies immediate support at 121,800, with potential declines to 121,300 and 120,800 if breached. Resistance is projected around 122,800, with further targets at 123,500 and 124,200. Investors are advised to accumulate positions while managing risks below the support zone.