Karachi: The KSE-100 index achieved a remarkable milestone by reaching 165,494 points, signaling robust market growth. Opening on a strong note, the index maintained its upward trajectory throughout the trading session, hitting an intraday high of 2,709 points before closing with a significant gain of 1,646 points.

Trading activity showed a moderate pace; however, the volume of trades experienced a 14% increase compared to the prior session. This rise in trading volume underscores heightened investor interest and confidence in the market's potential.

Notably, the KSE-100 closed 11.8% above the upper band, a development that indicates the possibility of an upside breakout. Despite this, analysts suggest that the index is more likely to continue within its current trading range.

The market outlook remains optimistic, bolstered by the fact that the Bollinger Bands are presently 14.79% wider than usual, reflecting increased market volatility and potential opportunities for investors.

This performance, reported by AKD Securities Limited, demonstrates the dynamic nature of the market and its capacity for growth, reinforcing positive sentiment among stakeholders.