Karachi: The KSE-100 Index maintained its upward trajectory, closing 1,496 points higher at 173,896 after reaching an intraday high of 2,011 points. This marked a continuation of the bullish momentum observed in recent sessions. Trading volumes increased by 4% from the previous day, indicating moderate inflows into the market.

The index is currently trading 22.5% above its 200-period moving average, suggesting a strong upward trend. Immediate support for the index is identified at 173,200, with potential declines if breached, while resistance levels are anticipated at 174,500, 175,100, and 175,700.

Market analysts recommend accumulating positions during any weakness, with defined risk below the support zone. The technical outlook remains positive, as volume indicators point to a mildly bullish undertone in the market.