Karachi: The KSE-100 index experienced a volatile trading session, opening on a positive note but closing 903 points lower at 165,596. The index fluctuated significantly, reaching an intraday high of 426 points and a low of 1,207 points, with a notable increase in trading volumes by approximately 43% compared to the previous session.

According to AKD Securities Limited, the index closed below its 50-day Exponential Moving Average (EMA) of 165,992 and is approaching the 200-day Simple Moving Average (SMA) near 164,677. The market has been under pressure for four consecutive sessions, resulting in a weekly decline of 3.23%. The Relative Strength Index (RSI) stands at 48.08, slightly below the neutral level, suggesting weakening momentum.

Immediate support is identified at 164,500, with further declines possible toward 163,800 and 162,500 if breached. Resistance levels are anticipated around 166,500, followed by 167,600 and 168,300. It is advised to trade cautiously and consider accumulating positions during market weakness, with risk defined below the support zone.