The benchmark KSE-100 Index witnessed a volatile trading session on Tuesday, opening on a positive note but failing to sustain gains as selling pressure intensified through the day. The index hit an intraday high of 336 points and a low of 2,993 points before settling with a sharp loss of 1,238 points at 167,752. According to a report by AKD Securities
Investor participation slumped, with trading volumes plunging by 83% compared to the previous session signaling a cautious stance from market participants. Despite the pullback, the KSE-100 remains 32.3% above its 200-period moving average, reflecting a sustained longer-term uptrend.
Analysts at AKD Securities noted that while volatility remains elevated relative to the 10-session average, signs of short-term stabilization are emerging. Volume indicators suggest strong inflows into equities, maintaining a bullish undertone. However, the momentum oscillator indicates the index is in the overbought zone, warranting caution in the near term.
From a technical perspective, immediate support is seen at 167,200. A break below this level could trigger further downside toward 166,400 and 165,700. On the upside, resistance lies at 168,500, followed by 169,500 and 170,000. Market strategists advise investors to accumulate on dips while keeping risk defined below the key support area.
