Karachi: The KSE-100 index experienced a volatile trading session, closing with a significant decline of 1,379 points at 114,153. This drop occurred after the index reached an intraday low of 2,641 points. Trading volumes were notably subdued, falling 21% from the previous session.

The KSE-100 ended the day 17.6% above the lower Bollinger Band, while the bands themselves were 14.12% tighter than usual, suggesting reduced market volatility. Despite the MACD remaining in negative territory, it is positioned above key moving averages, although it continues to trade below its signal line since crossing it two sessions ago.

The technical outlook highlights immediate support near the 113,800 level. A break below this point could lead to further declines towards 113,300 and 112,500. On the upside, resistance is anticipated around 115,000, with subsequent levels at 115,800 and 116,500.

Traders are advised to consider building positions near the support zone, with appropriate risk controls such as stop-losses below critical levels.