Karachi: The KSE-100 Index experienced a significant rise in its trading session, closing at 114,880 points, marking an increase of 843 points. The index maintained its bullish stance throughout the session, reaching an intraday high of 1,741 points. Despite the positive trend, trading volumes saw a reduction of 25% compared to the previous day.

According to a statement by AKD Securities Limited, the index closed 47.4% above the lower Bollinger Band, with the bands themselves being 34.40% narrower than usual. The formation of a rising window candle suggests a continuation of the bullish trend, with this being the 9th such occurrence in the last 50 trading candles, further supporting the optimistic outlook.

The chart analysis indicates key support levels near 113,800. A breach of this level might lead to further declines towards 113,200 and 112,800. On the upside, resistance is anticipated initially at 115,300, with subsequent targets at 115,800 and 116,500. Traders are advised to adopt a cautious approach, accumulating positions with risk considerations below the supportive zone.