Karachi: The KSE-100 index demonstrated a robust performance in the latest trading session, gaining 695 points to close at 78,570 points. The market opened on a positive note and maintained a bullish momentum throughout the day, despite lower trading volumes compared to the previous session.

According to AKD Securities Limited, the KSE-100 index showcased a Runaway Gap, indicating a potential continuation of the current upward trend. The index is now 17.0% above its 200-day Simple Moving Average, suggesting sustained investor confidence in market fundamentals. Technical analysis from AKD Securities highlighted the index’s potential resistance and support levels, advising traders to consider buying near the support zone while maintaining defined risk parameters.

In terms of specific sectors, banks and oil and gas exploration companies saw significant activity. Major banks like MCB, HBL, and UBL reported gains, aligning with positive sentiment across the board. Meanwhile, the oil sector presented a mixed performance with notable buys in OGDC and PPL despite some declines.

The analysis further detailed potential movements in the cement, fertilizer, and chemical sectors, with several stocks recommended for buying based on technical support levels. Conversely, some stocks in these sectors were suggested for selling, reflecting a strategic diversity in market approaches.

As the market continues to navigate through various economic signals, investors are recommended to stay informed of the technical levels that might influence their trading decisions in the coming sessions.