Karachi: The KSE-100 index demonstrated a bullish trend in its last session, achieving an intraday peak of 95,000 before closing at 94,764 points. The index gained 572 points, supported by an 11% increase in trading volumes compared to the previous session, and currently stands 25.5% above its 200-period moving average.

According to AKD Securities Limited, the index exhibited high volatility, surpassing the average of the last 10 sessions, with volume indicators showing strong inflows into the local bourse. Despite the positive trend, momentum oscillators indicated an overbought condition. The index may find initial support near 94,200 points, with potential weaknesses leading to the 93,800 and 93,500-point levels. Conversely, resistance may be encountered initially around 95,200, with further targets at 95,800 and 96,500. Investors are advised to consider accumulating positions near the support zone with risk management in place.