Karachi: The Karachi Stock Exchange's KSE-100 index experienced a volatile trading session, opening weak but rebounding strongly to close significantly higher. The index reached an intraday peak of 6,244 points and finished the day 5,159 points higher at 157,132. Despite this recovery, trading volumes fell by 10% compared to the previous session.

According to AKD Securities Limited, the KSE-100 index ended the day 5.1% above the lower Bollinger Band, with the bands being 168.02% wider than usual. This condition points to heightened volatility compared to historical levels, suggesting a potential for reduced volatility and a possible stabilization or trading range in the near term. The unusually wide bands have persisted for nine sessions, increasing the likelihood of a shift to a less volatile environment.

Immediate technical support for the index is identified at 155,500 points, with possible declines extending to 154,800 and 153,500 if breached. Resistance levels are anticipated around 158,500, with further potential barriers at 159,800 and 160,300. Market participants are advised to maintain a cautious trading approach, keeping risks below the support zone.