Karachi, The Karachi Stock Exchange's KSE-100 index exhibited a strong bullish trend in the last trading session, marking significant gains and suggesting continued investor confidence in the market.

According to AKD Securities Limited, the KSE-100 opened with positive momentum, reaching a session high of 1,303 points and closing with an increase of 1,203 points at 69,620 points. The trading volume was slightly lower compared to the previous session, but the market's overall performance remained robust.

The Moving Average Convergence Divergence (MACD) indicator is signaling bullish conditions, maintaining its position above the signal line for the past seven trading sessions. Since crossing its moving average, the index has appreciated by 4.62%, with fluctuations between 66,003 and 69,720 points.

The Relative Strength Index (RSI), a key momentum oscillator, stood at 77.16, the highest in the last 14 sessions, indicating strong buying pressure.

Technical analysis suggests that the KSE-100 may find initial support at around 69,300 points, with potential downside risks leading to further support levels at 68,800 and 68,500 points. On the upside, resistance might be encountered near 69,900 points, beyond which the index could aim for targets of 70,250 and 70,600 points.

Investors are advised to consider accumulating positions near the support zone, keeping in mind the defined risks below these levels.