Karachi, The KSE-100 index demonstrated volatility in the last trading session, opening on a positive note but closing with a slight loss. The market's technical indicators signal investors to adopt a cautious stance in the coming days. The index, which posted an intraday high and a low, ultimately ended the day down by 61 points at 70,484.

According to AKD Securities Limited, the KSE-100's inability to sustain its intraday high suggests a cautious outlook is warranted. The Moving Average Convergence Divergence (MACD) remains bullish, currently trading above its signal line. This indicator has been in a positive crossover state for ten trading sessions, during which the market has seen an increase of 5.91%, with a fluctuation between a high of 71,093 and a low of 66,003. However, the index may find initial support near 70,100, with a further drop potentially leading to weaknesses toward 69,700 and 69,300 points. Conversely, resistance might be encountered near 70,700 points, aiming toward 71,100 and 71,500. Investors are recommended to focus on profit-taking and approach trading with caution given the current market conditions.