Karachi: The KSE-100 Index experienced a bullish surge throughout the trading session, reaching a high of 1,855 points before closing at 113,010, marking an increase of 1,632 points. Trading volumes saw a 27% rise compared to the previous session, indicating heightened market activity.

According to a statement by AKD Securities Limited, the Index's performance was characterized by a bullish candle formation as it closed higher than its opening value. Despite the recent uptick, the past ten sessions have witnessed four positive and six negative closings, resulting in a net of two negative closings. The Relative Strength Index (RSI), a momentum indicator, is currently at 51.75, positioning it slightly above the neutral level.

On the technical chart, key support for the Index is identified near 112,800. A breakdown below this level could potentially lead to further declines toward 112,200 and 111,800. On the upside, initial resistance is anticipated at 113,500, with additional targets at 114,100 and 114,600. Analysts recommend accumulating positions near the support levels while carefully managing risks below this zone.