Islamabad: The KSE-100 index reached unprecedented levels today, setting a new record high while exhibiting significant intraday fluctuations.

The benchmark index commenced trading with strength, surging to an intraday peak of 148,557. However, market instability led to a decline of 124 points before recovering to close with a substantial gain of 1,547 points at 146,930. Trade activity also intensified, with volumes increasing 15% compared to the previous day's session. Technical indicators suggest a continuing positive momentum, with the Moving Average Convergence Divergence (MACD) remaining in a bullish state, trading above its signal line, a crossover that occurred three trading days prior. Since then, the KSE-100 has appreciated 1.27%, fluctuating between 143,410 and 147,005.

Chart analysis indicates immediate downside protection at 146,600. A breach below this level could trigger further declines towards 145,800 and subsequently 145,300. Conversely, upward resistance is anticipated around 147,500, with potential targets at 148,150 and 148,600. Investors are advised to exercise prudence and consider accumulating holdings near the identified support area while managing risk below this zone.