Karachi: The KSE-100 index experienced heightened volatility despite opening on a positive note, moving between significant intraday highs and lows before closing 837 points higher at 150,016. This session was marked by a notable decline in trading volumes, which decreased by approximately 5% compared to the previous session.

According to AKD Securities Limited, the technical analysis of the past 50 trading sessions reveals that the market has had 19 positive closes and 31 negative ones, resulting in a net of 12 negative sessions. The index is currently trading about 5.1% below its 200-period moving average, indicating a downward trend. Additionally, volatility remains elevated compared to the average of the last ten sessions, while volume indicators suggest a neutral trend with balanced inflows and outflows.

The immediate technical support level is identified at 149,500, with potential declines to 148,800 and 147,700 if breached. Resistance levels are anticipated around 151,300, 152,500, and 153,800. Trading with caution and employing a stop loss strategy is advised.