Karachi: The KSE-100 index demonstrated a robust bullish trend, with the market experiencing a significant rise during the latest trading session. The index opened on a strong note and sustained its upward momentum, reaching an intraday high of 1,632 points before closing with a notable gain of 1,304 points at 166,678.
Market activity saw a substantial increase, with trading volumes soaring by 69% compared to the previous session. A rising window was observed, a pattern that typically signals continued bullish momentum. This marks the fifth rising window in the past 50 sessions, further emphasizing the positive outlook for the market.
Momentum indicators also supported the bullish sentiment, as the Relative Strength Index (RSI) recorded a reading of 63.35, pointing towards ongoing strength in the market. The data, sourced from AKD Securities Limited, highlights the persistent upward trajectory of the KSE-100 index.