Karachi: The KSE-100 index demonstrated a robust performance in the latest trading session, bolstered by a substantial increase in trading volumes and a positive technical outlook. Closing with a gain of 1,068 points at 118,383, the index reached an intraday peak of 1,512 points. A notable 73% uptick in trading volumes compared to the previous session contributed to this upward trajectory.

From a technical perspective, the market's momentum was underscored by the MACD indicator turning bullish. Since crossing its signal line, the market has experienced fluctuations between a high of 118,827 and a low of 117,712. Immediate support is identified at 117,800, with potential declines to 117,300 and 116,800 if breached.

Resistance levels are anticipated around 118,800, with further targets at 119,500 and 120,600. Market analysts recommend entering positions near the support area while emphasizing the importance of stringent risk management, particularly if the index closes below the support threshold.