Islamabad: The KSE-100 index experienced a significant upswing, closing nearly 800 points higher at 156,181 amidst a notable increase in trading activity.

The benchmark index exhibited bullish momentum throughout the trading session, reaching an intraday peak of 1,083 points. Trading volume saw a substantial jump of 54% compared to the previous day.

Despite the strong gains, the KSE-100 remains approximately 19% below its upper Bollinger Band. The width of the bands, currently 14.99% broader than normal, suggests heightened market instability.

Technical indicators offer a mixed picture. The Relative Strength Index (RSI) currently sits at 72.36, indicating a potentially overbought condition. However, moderate inflows suggest the upward trend may continue in the near term.