Karachi: The KSE-100 index maintained its bullish momentum in the latest trading session, opening strong and experiencing volatility throughout the day. The index reached a high of 576 points and a low of 402 points before closing at 92,304, marking a gain of 366 points. Despite the upward trend, trading volumes fell by 7% compared to the previous session. The Index closed 5.5% below the upper band, with Bollinger Bands reported to be 82.25% wider than usual, indicating significant volatility compared to the typical range. This suggests an increased likelihood of reduced volatility and the index entering or remaining in a trading range in the near-term.

According to AKD Securities Limited, the charts reveal that initial support could be located near the 91,600-point level. A breach below this point might result in further weakness, targeting the 91,200 and 90,800-point levels. Conversely, resistance is expected initially around 92,500, with further targets set at 93,000 and 93,500 points. Investors are advised to accumulate positions near the support zone while also focusing on profit-taking strategies.