Karachi: The KSE-100 index experienced a bullish trading session marked by significant volatility, closing with a strong advance of 1,496 points to settle at 163,189. The trading day began on a positive note, with the index reaching an intraday high of 1,705 points and a low of 1,128 points, as reported by AKD Securities Limited.

Market activity showed a notable increase, with trading volumes rising by 45% compared to the previous session. The index closed 17.1% below the upper Bollinger Band, while the Bands remain 37.37% narrower than usual. The Relative Strength Index (RSI) stands at 55.26, indicating momentum above the neutral level.

The Moving Average Convergence Divergence (MACD) remains in bullish mode, trading above its signal line following a crossover six sessions ago. Since this technical shift, the index has gained 1.40%, moving within a range of 163,818 to 160,565.

Technical analysis suggests immediate support at 162,800, with a potential decline extending to 162,400 and 161,800 if breached. Conversely, resistance is anticipated at 163,500, followed by levels of 164,000 and 164,500. Market analysts recommend accumulating positions during periods of weakness, with risk management strategies in place below the support zone.