Karachi: The KSE-100 Index demonstrated significant strength during the last trading session, opening positively and maintaining bullish momentum throughout the day. The index recorded a substantial increase, closing up 515 points at 78,261. Trading volumes surged by 67% compared to the previous session, reflecting heightened investor activity.

According to AKD Securities Limited, the technical outlook for KSE-100 suggests continued upward movement. The index is currently positioned 14.9% above its 200-period moving average, indicating strong market support. Despite relatively low current volatility, forecasts suggest possible sharp fluctuations ahead. The technical analysis recommends initiating buy positions near the identified support levels of 77,900, with potential resistance near 78,500 points.

Support levels have been established at 77,900, 77,500, and 77,200 points, suggesting areas where the index may stabilize in case of a downturn. Conversely, resistance levels at 78,500, 78,800, and 79,100 points mark thresholds for potential upward movement. Market participants are advised to monitor these levels closely and adjust their strategies accordingly.

In addition to general market movements, individual stock recommendations include buying on weakness for selected scrips such as IMAGE, OGDC, SPEL, HUMNL, and PRL, with specific target and stop-loss levels provided to manage risk effectively.