Karachi: The KSE-100 index experienced a day of volatile trading, eventually closing with a modest gain of 118 points to settle at 180,511, despite a noticeable drop in trading volume. The index fluctuated significantly throughout the session, reaching an intraday high of 965 points and a low of 829 points before stabilizing.

According to AKD Securities Limited, the market has shown mixed performance over the last 50 trading sessions, with 23 bullish candles compared to 27 bearish ones, culminating in a net count of four bearish candles. Momentum indicators such as the Relative Strength Index (RSI) stand at 68.97, suggesting the index remains above the neutral level. The KSE-100 also closed 2.4% above the upper Bollinger Band, indicating potential for further gains, although it is more likely that the index will remain within its current trading range.

Technically, the immediate support for the index is noted at 179,800, with a breach potentially leading to declines towards 178,500 and 176,800. On the upside, resistance is anticipated around 181,400, followed by 182,300 and 184,100. Investors are advised to consider accumulating positions with clearly defined risk parameters below the support zone.