Karachi: The KSE-100 index experienced a bullish session, gaining 931 points to close at 187,832, amid robust trading volumes. The index reached an intraday high of 1,411 points, maintaining its strength above both short-term and long-term averages.

According to AKD Securities Limited, market participation increased with trading volumes rising by 97% compared to the previous session. Despite the Moving Average Convergence Divergence (MACD) indicator remaining bearish, the MACD histogram is approaching the signal line, indicating that downward momentum is diminishing. The index has shown resilience, slipping only 0.20% since the MACD crossed below its signal line six periods ago, and trading within a range of 189,521 to 181,961.

Volume indicators suggest a balanced flow of buying and selling activity, presenting a neutral volume outlook. Technically, immediate support is identified at 187,000, with potential declines extending to 186,400 and 185,800 if breached. Resistance levels are projected at 188,600, followed by 189,700 and 190,500. Market analysts recommend accumulating positions on weakness, with risks managed below the support zone.