Karachi: The KSE-100 index experienced a robust bullish run, opening with a significant gap of over 500 points and ultimately closing with a gain of 470 points at 97,798. Trading volumes soared by 59% compared to the previous session, reflecting strong market activity.

According to AKD Securities Limited, volume indicators show strong flows into the index, maintaining a bullish outlook across multiple trading sessions. However, the momentum oscillator suggests the market is currently overbought, with the Relative Strength Index (RSI) standing at 83.73. The chart analysis indicates initial support at 97,400, with potential weaknesses leading to 96,800 and 96,300 if this level is breached. Resistance levels are identified at 98,300, and further targets are set at 98,700 and 99,100, suggesting it is advisable to accumulate positions near the support zone while managing risk below it.