Karachi: The KSE-100 index experienced a robust trading session, marking significant gains as it closed up by 690 points at 81,805. The market’s positive momentum was evident with an increase in trading volumes by 64% from the previous session, reflecting heightened investor interest.

According to AKD Securities Limited, the technical outlook for the KSE-100 remains strong as the index began on a high note and maintained its bullish stance throughout the session. It reached a peak gain of 866 points before settling slightly below its upper resistance band by 21.5%. The Relative Strength Index (RSI) is currently at 64.07, indicating a bullish momentum above the neutral threshold.

The market analysis suggests potential resistance levels at 82,200 points, progressing towards 82,500 and potentially reaching 83,000 points. Conversely, support levels are identified near 81,500 points, with further drops potentially leading to 81,200 and 81,000 points. AKD Securities advises traders to adopt a ‘Buy on Weakness’ strategy, indicating buying opportunities if the index dips to these support levels.

Investor focus might also shift towards specific stocks such as OGDC, FFBL, AIRLINK, HUBC, and AGL, which show promising buy ranges and target projections as per the latest market analysis by AKD Securities.