Karachi: The KSE-100 Index ended a volatile trading day with a decline of 224 points, closing at 81,851. The session witnessed the index initially rallying to a high of 389 points at 82,463, but then fell to a low of 526 points at 81,549.

According to AKD Securities Limited, the trading volumes experienced a significant decrease, falling by 33% compared to the previous session. The index, although near its all-time high, showed a loss, closing above both major and minor moving averages. The Relative Strength Index (RSI) was noted at 72.52, indicating that the market remains in an overbought condition.

The technical analysis provided by AKD Securities Limited suggests that the KSE-100 may encounter initial support near 81,400 points. Should the index breach this level, it could face further declines towards 81,100 and 80,800 points. On the upside, resistance is expected near 82,200 points, with potential to extend gains to 82,500 and 82,800 points. Traders are advised to initiate buying positions with defined risks below the support zone.