Karachi: The KSE-100 Index experienced a range-bound trading session with a notable drop in market participation, as the index ended 903 points lower at 169,427. Trading volumes decreased by approximately 22% compared to the previous session, indicating a subdued market environment.

According to AKD Securities Limited, the index opened negatively and fluctuated between an intraday high of 399 points and a low of 984 points. Despite the decline, the index remains above its middle Bollinger Band on the daily chart, suggesting that the prevailing trend is still intact. Short-term indicators suggest continued range-bound trading, with the daily Parabolic SAR positioned below the current market level, supporting a broader bullish outlook. The RSI is near the neutral zone at 51.88, indicating balanced momentum without a strong directional bias.

Technically, immediate support is identified at 168,500, with a potential further decline toward 167,300 and 166,500 if breached. Resistance levels are expected at 171,000, followed by 172,200 and 173,500. Accumulation of positions is recommended with risk management below the support zone.