Karachi: The KSE-100 Index experienced upward momentum during the latest trading session, closing 779 points higher at 165,931. Despite the positive trend, market participation weakened, with trading volumes declining by approximately 10% from the previous session.

According to AKD Securities Limited, the index reached an intraday high of 1,091 points and a low of 420 points. Technically, the KSE-100 closed 29.6% above the lower Bollinger Band. The bands are currently 54.75% narrower than usual, indicating reduced volatility. However, the prolonged contraction over 17 consecutive periods suggests a potential rise in volatility and a sharp price move in the near term.

Immediate support for the index is at 165,500, with further declines possible towards 164,800 and 163,800 if breached. Resistance is expected at 166,400, followed by 167,100 and 168,000. Accumulating positions on dips is recommended, with risks defined below the support zone.