Karachi: The KSE-100 index demonstrated stability as it consolidated above the 21-Simple Moving Average (SMA), closing 276 points higher at 169,704. This performance came despite the index opening on a negative note and trading within a relatively narrow range throughout the session. The market's intraday movements saw a high of 711 points and a low of 745 points, reflecting a day of cautious trading.

According to AKD Securities Limited, market participation showed a modest improvement, with trading volumes increasing by approximately 14% compared to the previous session. Over the past 10 trading sessions, the technical analysis reveals the formation of 4 bullish and 6 bearish candles, leading to a net of 2 negative closes. Despite this, the index's position above the middle Bollinger Band on the daily chart suggests that the broader trend remains stable, providing a degree of confidence to investors amid fluctuating market conditions.