Islamabad: The KSE-100 index experienced a dramatic fall of 1,356 points, closing at 149,235 after a turbulent trading session marked by significant fluctuations. The index initially opened higher but quickly succumbed to volatility, reaching an intraday high of 659 points and plummeting to a low of 2,318 points.

Trading activity surged, with volumes increasing 55% compared to the prior session. Despite the substantial decline, the KSE-100 remains 26.9% above its 200-period moving average, suggesting a continued upward trend. Market volatility aligns with the average of the last ten periods.

Volume indicators point to moderate capital inflows, hinting at a somewhat optimistic investor sentiment. Trend forecasting oscillators reinforce this positive outlook, remaining bullish for the past 65 periods. However, momentum indicators reveal the index is currently overbought, raising concerns about potential further corrections.

Technical analysis identifies immediate support for the index at 148,300. A drop below this level could trigger further declines towards 147,900 and 147,500. Conversely, resistance is anticipated at 149,800, with additional resistance levels at 150,500 and 151,200. Investors are advised to exercise caution, maintaining existing positions with clearly defined support zones.