Karachi: The KSE-100 Index experienced a significant uptrend, closing up 690 points at 81,805. Trading volumes also increased, with today’s session seeing 359 million shares exchanged compared to 298 million in the previous session. The index is poised to potentially surpass its previous day’s high of 81,980, with sights set on the record peak of 82,906.

According to JS Global, the current technical indicators reinforce the bullish sentiment, with both the Relative Strength Index (RSI) and Stochastic Oscillator indicating positive trends. The analysis suggests that any pullbacks should be seen as buying opportunities, with a well-defined risk threshold below the 81,119 level. Support and resistance for the index are marked at 81,289 and 82,150, respectively.