Karachi, In the latest trading session, the KSE-100 index experienced a volatile market but managed to conclude with gains. The index, which opened positively, reached a high of 758 points before settling at 61,979 points, marking an increase of 137 points.

According to AKD Securities Limited, the trading volumes observed were lower compared to the previous session. The KSE-100 is currently positioned 23.5% above its 200-period moving average, indicating a relatively stable market. However, the volatility in the market is notably low, and there are indications of potential sharp fluctuations and increased volatility in the near future. The analysis suggests that the volume indicators are neutral, with the inflow and outflow of volume into the index maintaining a balanced pace.

The technical analysis of the index's chart formation indicates that initial support might be found near the 61,600 points level. A fall below this support level could lead to further declines towards 61,200 and 60,800 points. On the other hand, the index might face initial resistance near 62,200 points, with potential to move towards higher levels of 62,700 and 63,200 points. Investors are advised to accumulate positions during periods of weakness in the market.

The recent movements in the KSE-100 index highlight the dynamic nature of the market, with investors and analysts closely monitoring the trends for future trading strategies.