Karachi: The KSE-100 Index experienced a volatile trading session but managed to close with a gain, ending 86 points higher at 112,925. The trading volumes saw a significant increase, surging by 64% compared to the previous session, reflecting heightened market activity.

According to a statement by AKD Securities Limited, the index opened positively but faced fluctuations throughout the day, reaching a high of 426 points and a low of 389 points. The index ended at 45.6% above the lower Bollinger Band, with the bands being 21.40% narrower than usual, suggesting a period of reduced volatility.

Technical analysis highlights key support for the index near the 112,800 mark. A breach below this level could lead to further declines towards 112,200 and 111,800. On the resistance front, initial resistance is identified at 113,500, with potential targets at 114,100 and 114,600. The daily Parabolic SAR indicator is currently positioned above the index level, while the Relative Strength Index (RSI) stands at 51.46, just above the neutral level.

Market participants are advised to consider accumulating positions near the support levels, with clearly defined risks below the support zone to navigate the current market conditions effectively.