Karachi: The KSE-100 index experienced a robust recovery, continuing its upward trajectory as it closed with a significant gain of 945 points, reaching 155,385. This rise was marked by increased investor participation, with trading volumes climbing by 14% compared to the previous session, signaling a renewed interest in the market.

The index's performance remains strong, standing 26.8% above its 200-period moving average. Volatility levels aligned with the average of the past ten sessions, while volume indicators suggested moderate capital inflows, indicating a mildly bullish sentiment. Trend forecasting oscillators also pointed towards a sustained bullish outlook.

Technical analysis indicates immediate support for the index at 154,800. A breach below this level might lead to further declines towards 154,200 and 153,700. Conversely, resistance is expected at 155,900, with further obstacles at 156,500 and 156,900. Market analysts recommend accumulating positions near the defined support zone, with caution advised below it.

The analysis and recommendations come from AKD Securities Limited, which continues to monitor the market closely for any changes in the current trend.