Karachi: The KSE-100 index demonstrated a robust performance by closing 2,696 points higher, settling at 172,400. Marking a substantial intraday high of 3,390 points, the index maintained a bullish momentum throughout the trading day. Trading volumes witnessed a significant increase of approximately 71% compared to the previous session.

According to AKD Securities Limited, the index's movement opened with a bullish gap-up on average volumes, suggesting the possibility of a runaway gap that could indicate a continuation of the current upward trend. The KSE-100 is trading 3.5% above its 200-period moving average, reaffirming the broader upward trend while the market activity indicates a balanced flow of buying and selling. Immediate technical support is identified at 171,800, with potential declines extending to 171,100 and 170,300 if breached. Resistance is anticipated at 174,400, followed by 175,800 and 177,000. Investors are advised to consider accumulating positions with risks defined below the support zone.