Karachi: The KSE-100 index closed above the 105,000 mark after a volatile trading session, marking a significant increase of 545 points from the previous session and ending at 105,104. Despite lower trading volumes, which were down by 8% compared to the prior session, the market's resilience was evident as it recorded a net of six green candles over the past ten sessions.

According to AKD Securities Limited, the market started on a positive trajectory, experiencing fluctuations with a high of 914 points and a low of 244 points. The Moving Average Convergence Divergence (MACD) indicator continues to signal bullish momentum, having crossed above its signal line five sessions ago, contributing to an index increase of 5.88% since then.

The technical chart analysis suggests potential support for the index near the 104,700 level, with a possibility of further weakening if it falls below this point, targeting levels of 104,300 and 103,800. On the upside, initial resistance may be encountered at 105,500, with further targets at 106,200 and 106,800. Experts advise adopting a cautious trading strategy, incorporating stop-loss mechanisms to mitigate potential risks.