Karachi: The KSE-100 index experienced a tumultuous trading session, opening on a negative note and exhibiting significant volatility, before ultimately closing 664 points higher at 163,038. Despite a temporary decline of 1,125 points, the index rebounded by 1,102 points, with market participation showing a slight improvement as trading volumes increased by approximately 3% over the previous session.

According to AKD Securities Limited, the KSE-100 remains 5.1% below its 200-period moving average, signaling a continuation of the broader bearish trend. Current volatility aligns with its average over the past 10 periods, while volume indicators reflect a neutral stance with balanced fund flows in and out of the index. The Relative Strength Index (RSI) stands at 33.79, suggesting that selling pressure is still prominent despite the recent rebound, as it approaches oversold territory.

Technically, the index finds immediate support at 162,500, with a potential decline towards 161,800 and 161,100 if breached. Resistance levels are identified at 163,500, followed by 164,500 and 165,000. Analysts recommend accumulating positions on dips, defining risk below the support zone.