Karachi: The KSE-100 Index continued its upward trend, marking a significant gain of 2,286 points to close at 138,665 in the latest trading session. This rally saw the index reach an intraday high of 2,564 points, reflecting increased investor interest as trading volumes climbed by 10% compared to the previous session.

The Moving Average Convergence Divergence (MACD) indicator remains in positive territory, maintaining its position above the signal line for the past 14 periods. During this time, the index has advanced by 11.49%, moving within a high of 138,943 and a low of 122,223.

Technical analysis indicates immediate support for the index at 137,800. A breach of this level could see further declines toward 137,200 and 136,500. Conversely, resistance is anticipated around 139,500, with potential targets at 140,300 and 141,000.

Market analysts recommend a cautious approach, advising traders to accumulate positions near the defined support zone while managing risks below it. The ongoing bullish momentum suggests continued interest in the market, but investors are urged to remain vigilant.