Karachi: The KSE-100 index reached a significant milestone, surpassing the 81,000 points mark during the last trading session. The index opened on a positive note, peaked at 81,087 points, and concluded the session with a gain of 105 points, settling at 80,672 points. This performance came amidst a backdrop of heightened market volatility and an expanded trading range indicated by the 68.21% wider Bollinger Bands.
According to AKD Securities Limited, the KSE-100's movement reflects a high probability of continuing volatility in the near term. The index may find initial support near 80,300 points, with potential further drops to 79,800 and 79,500 if this support is breached. Conversely, resistance is seen at 81,400 points, and overcoming this could push the index towards 81,700 and 82,000 points. Investors are advised to trade cautiously and accumulate positions near the support zone with clearly defined risks.