Karachi: The KSE-100 index reached an all-time high during a volatile trading session, closing with a substantial gain of 1,645 points, ending at 141,305. Trading volumes increased by 5% from the previous session, reflecting heightened market activity.

The index witnessed an intraday high of 1,771 points. Despite the gains, the Moving Average Convergence Divergence (MACD) indicator remained below its signal line, a trend observed over the past four sessions. During this period, the index has risen by 1.19%, fluctuating between a high of 141,161 and a low of 137,636.

On the momentum front, the Relative Strength Index (RSI) stands at 74.46, indicating that the market is approaching overbought territory.

Technical analysis suggests immediate support for the index at 140,800. Breaching this level could lead to a further decline towards 140,200 and 139,500. Conversely, resistance levels are forecasted at 141,800, with potential targets of 142,500 and 143,300.

Market analysts recommend a cautious trading approach, suggesting the accumulation of positions near the defined support zone, with risk management strategies in place.