Karachi: The KSE-100 Index experienced a volatile trading session, as reported by AKD Securities Limited, with the index showing a bullish start and maintaining its upward momentum for most of the day. The index reached an intraday high of 942 points and a low of 11 points, ultimately closing with a gain of 173 points at 139,380. Trading volumes increased by 12% compared to the previous day.

Over the past ten sessions, the index has recorded four gains and six losses, indicating a slightly negative trend. The KSE-100 Index closed the day 21.3% below the upper Bollinger Band. The Bollinger Bands are currently 25.58% wider than usual, suggesting increased market volatility. The momentum indicator, RSI, stands at 75.40, which suggests overbought conditions as it remains above the neutral threshold.

The current chart formation indicates immediate support at 138,900. A breach of this level might lead the index to fall towards 138,400 and 137,800. Conversely, resistance is anticipated around 139,900, with further potential targets at 140,500 and 141,200. It is advised to trade cautiously and accumulate positions near the defined support zone, managing risk below this level.