Karachi: The KSE-100 index showcased significant gains in a volatile session, closing at 90,860 points with a gain of 1,893 points. The trading volumes dipped by 20% compared to the previous session, yet the index demonstrated a robust upward trend, standing 22.7% above its 200-period moving average.

According to AKD Securities Limited, the session opened strong and remained highly volatile. The index reached a high of 2,167 points and a low of 114 points during the session. Market analysts observed that despite the drop in trading volumes, the volume indicators suggested moderate inflows, pointing to a mildly bullish sentiment among traders. Trend forecasting oscillators have maintained a bullish stance on the KSE-100 for the past 41 sessions, indicating sustained investor confidence.

Technical analysis indicates that the index might find initial support around the 90,600-point mark. A break below this level could lead to a further decline towards the 90,200 and 89,700-point levels. On the upside, resistance is expected near 91,500 points, with potential targets extending to 91,800 and 92,500 points. Investors are advised to accumulate positions with clearly defined risks below the support zone.