Karachi: The KSE-100 Index experienced a volatile trading session, opening positively but ultimately closing with a loss of 216 points, finishing at 85,453. The day was marked by decreased trading volumes, which fell by 16% from the previous session, reflecting a turbulent day in the market.

According to AKD Securities Limited, the technical indicators show mixed signals. The Moving Average Convergence Divergence (MACD), a trend-following momentum indicator, remains bullish as it continues to trade above its signal line, having crossed above it 34 trading sessions ago. Since the crossover, the Index has increased by 8.45%, fluctuating between a high of 86,451 and a low of 77,990.

The technical analysis suggests that the index may find initial support near 85,100 points. Should it break below this level, it could see further declines towards 84,800 and then 84,500 points. On the flip side, resistance is anticipated near 85,900 points, with potential to rise towards 86,200 and then 86,500 points. Traders are advised to consider buying positions with defined risks below the support zone.