Karachi: The KSE100 index experienced a day of consolidation, closing 374 points higher at 177,697. Market activity was marked by an increase in trading volumes, which rose by approximately 40% compared to the previous session. The index witnessed an intraday high of 720 points and a low of 158 points, indicating a range-bound session.

According to AKD Securities Limited, the KSE100 is currently trading 3.7% above its 200-period moving average, suggesting that the broader market trend remains upward. Despite this upward trend, the market is experiencing low volatility compared to the average of the past 10 periods, pointing towards a phase of consolidation.