Karachi: The KSE-100 index maintained its upward trajectory, closing 2,083 points higher at 187,445 after reaching an intraday high of 2,174 points. This surge was accompanied by a 25% increase in trading volumes compared to the previous session, indicating strengthened market participation.

According to AKD Securities Limited, the KSE-100 is trading 11.2% above its 200-period moving average, highlighting the strong prevailing uptrend. Volatility remains subdued relative to the average of the past ten trading sessions, with volume indicators suggesting a mildly bullish undertone. Trend forecasting oscillators have maintained a bullish outlook for the past 13 trading sessions, supporting the continuation of the upward trend. However, the Relative Strength Index (RSI) is nearing overbought territory, which may signal potential profit-taking or short-term consolidation.

Technically, immediate support for the index is identified at 186,500, with further declines potentially extending toward 185,300 and 184,600 if breached. Resistance levels are expected around 188,000, followed by 188,600 and 189,800. Position accumulation is recommended with risk defined below the support zone.