Karachi: The KSE-100 index saw a bullish trading session, climbing to an intraday high of 3,146 points before closing 2,838 points higher at 178,124. Trading volumes rose by approximately 26 percent compared to the previous session.

According to AKD Securities Limited, the index closed 31.1 percent above its lower Bollinger Band, while the Bollinger Bands remain 20.68 percent narrower than their historical average. This suggests relatively compressed volatility despite recent price fluctuations. Over the last 10 sessions, the index has experienced a net gain with six bullish candles and four bearish ones, maintaining a 5.1 percent lead over its 200-period moving average, confirming a long-term uptrend.

Immediate support is seen at 177,500, with potential declines extending toward 176,300 and 175,600 if breached. Resistance is expected around 178,500, 179,800, and 180,700. The report suggests accumulating positions with risk management below the support zone.