Karachi: In the latest trading session, the KSE-100 Index witnessed marginal gains, closing up by 8 points at 78,801 points. The session was marked by volatility, albeit lower than the average of the past 10 sessions, with the index oscillating between a high of 381 points and a low of 33 points.

According to AKD Securities Limited, the trading volume increased by 7% compared to the previous session, indicating a heightened investor activity. The Index remains 15.2% above its 200-period moving average, suggesting a sustained positive trend. However, analysts anticipate potential increases in volatility and sharp fluctuations in the near future.

The technical analysis provided by AKD Securities points to initial support for the KSE-100 at around 78,500 points, with further potential declines towards 78,100 and 77,800 points if this level is breached. On the resistance side, the index may encounter hurdles at approximately 79,100 points, with possibilities of moving up to 79,400 and 79,800 points. Investors are advised to consider buying near the support levels with clearly defined risks.

This trading session reflects a cautiously optimistic market environment, with investors keeping a close watch on support and resistance levels to gauge future market directions.