Islamabad: The KSE-100 index experienced a dramatic downturn, plummeting 1,702 points to close at 154,440 despite showing initial strength and a recent history of positive closings. This substantial drop underscores the market's ongoing volatility.

Trading activity significantly decreased, with volumes falling 40% compared to the preceding day. While the index has seen seven positive closures over the past 10 sessions, the recent decline emphasizes the market's unpredictable nature. The KSE-100's closing position is notably 26.2% below the upper Bollinger Band, with the bands themselves 10.98% wider than normal, indicating heightened instability.

Technical indicators suggest a complex picture. The Relative Strength Index (RSI) stands at 68.46, remaining above the neutral mark. Chart examination reveals immediate support at 154,100. A breach below this threshold could lead to further losses, targeting 153,700 and 152,800. Conversely, resistance is expected at 155,100, with subsequent barriers at 155,700 and 156,500. Analysts advise accumulating positions near the identified support area, while acknowledging the downside risks.