Karachi: The KSE-100 index experienced a day of volatility, ultimately closing 779 points lower at 177,693, despite having reached an intraday high of 934 points. The session saw an increase in market participation, with trading volumes rising by approximately 27% compared to the previous session.

According to AKD Securities Limited, the market has recorded a net count of 10 bearish candles over the last 50 trading sessions, indicating a slight bearish trend. The Relative Strength Index (RSI) stands at 60.36, suggesting that positive momentum remains intact despite the recent decline.

Technically, the index faces immediate support at 177,200, with the possibility of further decline toward 176,400 and 175,500 if breached. Resistance is anticipated around 179,500, with further levels at 180,800 and 181,500. The recommendation is to accumulate positions while maintaining risk management below the support zone.