FLASHNEWS:

KSE-100 Index Surges Despite Declining Trading Volumes

Karachi: In a remarkable display of market strength, the KSE-100 Index continued its relentless bull run today, closing with a significant gain of 1,591 points at 163,848. The index initially started on firm ground and maintained its upward momentum throughout the trading session, reaching an intraday peak of 1,647 points.

Despite the positive trend, trading activity showed signs of easing, with volumes dropping by 14% compared to the previous session. However, the market's upward trajectory remains intact, as the index stands 30.7% above its 200-period moving average.

Volatility levels were consistent with the 10-session average, and volume indicators suggested robust capital inflows into the KSE-100. Additionally, trend forecasting oscillators continue to project a bullish outlook, further supporting the market's strong performance.

The persistent rise of the KSE-100 Index highlights investor confidence, even as trading volumes decline. The market's ability to sustain its upward trend under these conditions underscores its resilience and appeal to investors.