Karachi: The KSE-100 index experienced a tumultuous trading session, marked by significant fluctuations, as it opened strongly but ended with a substantial loss. The index witnessed an intraday high of 951 points and a low of 1,744 points before closing down 1,415 points at 137,965.

Despite the volatility, trading volume remained relatively stable compared to the previous session. The Moving Average Convergence Divergence (MACD) indicator exhibited bearish tendencies, trading below its signal line, a crossover that occurred in the last session.

Since the MACD fell below its moving average, the index has declined by 1.02%, with fluctuations between a high of 140,331 and a low of 137,636. The current chart indicates immediate support at 137,600. A breach of this level could push the index further down to 137,100 and 136,500.

Resistance is anticipated around 138,500, with potential targets at 139,200 and 140,000. Analysts recommend a cautious trading approach, suggesting the accumulation of positions near the defined support zone, with risk management strategies in place below it.

The volatile session underscores the need for traders to remain vigilant and responsive to market shifts.