Islamabad: The KSE-100 index concluded a turbulent session with a substantial gain of 820 points, settling at 150,591. Despite the upward movement, market instability was evident in the 19% decrease in trading activity compared to the preceding day and the significantly wide Bollinger Bands, indicating heightened volatility.

The benchmark index demonstrated a positive inclination throughout the session, reaching an intraday peak of 151,082. This occurred despite recent fluctuations, with an equal number of positive and negative closings over the past ten trading days. The index currently sits 5.9% below the upper Bollinger Band, a technical indicator suggesting a potential shift towards decreased volatility and a period of consolidation.

Analysts predict immediate support for the index around 150,300. A breach below this marker could trigger further decline towards 149,800 and subsequently 149,300. Conversely, upward movement faces resistance at 150,900, with further potential targets at 151,300 and 151,800. Investors are advised to exercise caution and consider accumulating positions near the established support level while managing risk below this threshold.