Karachi: The KSE-100 Index witnessed a turbulent trading session, marked by significant volatility as it fluctuated widely before closing down by 1,360 points at 113,520. The session's trading volumes fell by 18% compared to the previous day, indicating a cautious market sentiment.

According to a statement by AKD Securities Limited, the Index opened positively but faced sharp swings, peaking at 716 points and hitting a low of 1,398 points during the session. Technical indicators, including the MACD, continued to show bearish trends, with the Index trading below its signal line for the past 26 sessions. Despite this, the Index has recorded a gain of 6.82% since the crossover event.

Technical analysis suggests key support for the Index is positioned near 113,200. A breach below this level could lead to further declines towards 112,800 and 112,300. Conversely, resistance levels are identified at 114,200, with potential upward targets at 114,800 and 115,500. Investors are advised to adopt a cautious approach, focusing on position accumulation near support levels while managing risks below the identified support zone.