Karachi, The Karachi Stock Exchange (KSE-100) experienced significant volatility in its latest trading session, closing with a gain amid varied market conditions.

According to AKD Securities Limited in their 'AKD Technical Daily' report, the KSE-100 index began on a positive trajectory but faced fluctuations throughout the session. The index recorded a high of 895 points and a low of 130 points, ultimately concluding with a gain of 297 points, settling at 64,647 points. Trading volumes were slightly lower than the previous session. The session saw a white body candle formation, indicating a degree of uncertainty. In the past 10 trading sessions, there was an equal distribution of five white (positive) and five black (negative) candles.

The technical analysis revealed that the Moving Average Convergence Divergence (MACD) indicator had crossed below its signal line 11 trading sessions ago. Since this cross, the KSE-100 has fallen by 0.86%, fluctuating between a high of 66,587 points and a low of 58,758 points.

Looking forward, the report suggests that the index may find initial support near the 63,900 points level. If it breaks below this threshold, further declines could lead the index towards 63,300 and 62,900 points. On the upside, initial resistance is anticipated around 64,800 points, with potential moves towards 65,300 and 65,800 points. Investors are advised to accumulate positions during weaker moments in the market.

This analysis reflects the ongoing volatility in the Pakistani stock market, offering insights for investors navigating the fluctuating trading environment.