The KSE-100 Index continued its upward trajectory, closing at 114,880 points, marking an increase of 843 points. Trading volumes, however, saw a 25% decline from the previous session.

According to a statement by AKD Securities Limited, the session started on a positive note and sustained its bullish momentum, peaking with a high of 1,741 points before the closing bell. The Index’s position is 47.4% above the lower Bollinger Band, with the bands themselves being 34.40% narrower than usual. The formation of a rising window candle suggests a continued bullish trend, a pattern observed for the 9th time in the last 50 sessions.

Chart analysis indicates key support near 113,800 points. A breach below this level might lead to further declines towards 113,200 and 112,800 points. On the upside, resistance is anticipated initially at 115,300 points, with further targets at 115,800 and 116,500 points. Market participants are advised to trade cautiously, accumulating positions with risk defined below the supportive zone.