KARACHI: The Karachi Stock Exchange's KSE-100 index demonstrated volatility in its latest trading session, closing with a minor decline of 39 points at 118,537. The session began on a positive trajectory but experienced fluctuations, reaching an intraday high of 885 points and a low of 427 points.

Trading volumes decreased by 25% from the previous session, indicating a slowdown in market activity. Despite the fluctuations, the Moving Average Convergence Divergence (MACD) indicator remains in bullish territory, continuing to trade above its signal line. Since the index crossed above the signal line, it has dipped by 0.03%, fluctuating within the range of 120,067 and 116,860.

Technically, the index finds immediate support at the 118,000 level. A breach of this support could lead to further declines toward 117,500 and 117,100. Conversely, resistance is anticipated around 119,500, with potential targets set at 120,100 and 120,700.

Market analysts recommend accumulating positions, with risks managed below the defined support zone.