Karachi: The KSE-100 Index displayed resilience in a volatile trading session, ending with a modest gain of 210 points to close at 165,686. The index recorded an intraday high of 2,086 points and a low of 119 points, reflecting the market's erratic fluctuations throughout the day.

Trading volumes surged by 53% compared to the previous session, indicating strengthened market participation. On the technical front, the index continues to maintain its position above both minor and major moving averages, signaling a sustained bullish trend.

Momentum indicators present a mixed outlook. The Relative Strength Index (RSI) is currently at 61.14, while the parabolic SAR (Stop and Reverse) remains below the current index level since the last session, suggesting ongoing upward momentum.

Immediate support for the index is identified at 165,200, with potential further weaknesses toward 164,600 and 163,600 should this level be breached. Resistance is anticipated at 166,800, with subsequent levels at 167,400 and 168,400.

Traders are advised to exercise caution and consider accumulating positions during periods of market weakness, according to analysis from AKD Securities Limited.