Karachi: The KSE-100 index witnessed a strong performance, closing above the 10-day simple moving average, as it ended the trading session with a significant gain. The index reached an intraday high of 4,668 points and closed 4,276 points higher at 154,292. This upward trend was accompanied by a notable increase in market participation, with trading volumes rising by approximately 47% compared to the previous session.

According to AKD Securities Limited, the technical indicators showed that the KSE-100 index closed 34.1% above the lower Bollinger Band. The Bollinger Bands themselves were 104.21% wider than their normal range, suggesting elevated volatility and heightened price fluctuations in the market. This technical development points to increased investor activity and a potentially volatile trading environment.