Karachi: The KSE-100 index experienced a day of range-bound activity, commencing with a positive start before settling 1,092 points higher at 162,897. Despite this upward movement, market participation weakened, as trading volumes declined by approximately 13% compared to the previous session.

According to AKD Securities Limited, the index is currently trading 1.2% below its 200-period moving average, with volatility remaining extremely low relative to the average of the last ten trading sessions. This suggests the potential for increased volatility and sharper price movements in the near term. Volume indicators suggest moderate outflows from the KSE-100, indicating a mildly bearish undertone.

Technical analysis shows immediate support at 162,200, with the potential for further declines toward 161,500 and 160,500 if breached. Resistance is expected around 163,900, followed by 165,000 and 165,700. It is recommended that traders adopt a cautious approach, accumulating positions on weakness while managing risk below the support zone.