Karachi: The KSE-100 index demonstrated strong bullish momentum throughout the trading session, closing 1,429 points higher at 164,467. The market saw a significant increase in trading volumes, which surged by approximately 55% compared to the previous session.

According to AKD Securities Limited, the index touched an intraday high of 1,749 points. A rising window formation on the chart suggests a potential continuation of the prevailing bullish trend. Despite the positive momentum, the daily Parabolic SAR remains above the current index level, indicating that the bearish signal has yet to reverse.

The KSE-100 index closed 28.3% above the lower Bollinger Band, with the bands 54.88% narrower than normal, indicating subdued volatility. Immediate support is identified at 163,800, with potential declines toward 163,100 and 162,500 if breached. Resistance levels are projected around 165,000, followed by 166,100 and 166,700. Accumulating positions on dips is recommended, with defined risks below the support zone.