Karachi: The KSE100 index continued its bullish trend, closing 5,449 points higher at 179,335 after reaching an intraday high of 5,537 points. Market participation saw a significant increase, with trading volumes rising by approximately 123% compared to the previous session.

According to AKD Securities Limited, a large positive candle formed during the session reflects strong buying interest as the index closed well above its opening level. In the last ten sessions, the index has recorded eight positive and two negative sessions, suggesting a predominant bullish sentiment. A rising window pattern was also noted, indicating a potential continuation of the bullish trend, as the current candle's lower shadow stayed above the previous candle's upper shadow.

The immediate support for the index is identified at 178,500 points, with potential declines extending toward 177,300 and 176,500 if breached. Resistance levels are anticipated at 179,500, 180,500, and 181,800 points. Experts recommend accumulating positions on dips, with risk management advised below the identified support zone.