Karachi: The KSE-100 Index experienced a volatile trading session, closing with a loss of 420 points at 167,642. This drop followed an intraday high of 1,227 points and a low of 616 points, as profit-taking erased earlier gains.

Trading volume decreased by 5% compared to the previous session, reflecting a slight dip in market participation. The Index touched a two-month high but was unable to sustain its momentum, closing 1.3% below the upper Bollinger Band. The Bollinger Bands themselves are marginally wider than usual, expanding by 0.13%.

Over the past 10 sessions, the market has recorded six positive closings and four negative ones. The MACD indicator remains bullish, maintaining a position above its signal line for the last 10 sessions. Since this bullish turn, the Index has gained 4.17%, fluctuating between 169,289 and 160,565.

From a technical perspective, immediate support for the Index is at 167,100. A breach below this level could lead to further declines toward 166,800 and 166,300. Resistance is anticipated around 168,200, followed by 168,800 and 169,600. Market analysts recommend accumulating positions during periods of weakness while managing risks below the support zone.