KSE-100 Experiences Significant Volatility in Recent Trading Session

Islamabad, The Karachi Stock Exchange's KSE-100 index experienced notable volatility in its last trading session, opening positively but ultimately closing with a significant loss. The session was characterized by fluctuations, with the index posting a high of 354 points and a low of 420 points before concluding with a loss of 334 points at 57,063 points.

According to JS Research, the trading volumes in this session were slightly higher than the previous session. The index closed 11.1% below the upper Bollinger Band, indicating high volatility, as the bands were 158.20% wider than normal. The Daily Relative Strength Index (RSI) was reported at 88.29. Analysts predict potential support for the index near 56,800 points, with further weakness possible towards 56,500 and 56,100 points. Conversely, resistance may occur near 57,300 points, potentially extending towards 57,800 and 58,300 points. Investors are advised to trade cautiously and consider accumulating positions during weakness.

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