Karachi, In a bullish market session, the KSE-100 index saw a significant rise, gaining 870 points day over day to close at 67,756. Trading volumes surged to 362 million shares, up from the 240 million shares traded in the previous session.

According to JS Global, the upward trend in Karachi's stock market is supported by robust trading volumes and technical indicators. The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) both show an upward trajectory, indicating a sustained positive outlook. If the bullish momentum continues, the KSE-100 index is projected to hit an initial target of 68,438, with potential to extend gains towards 69,165. On the flip side, should the market face a downturn, support levels are identified between 67,200 and 67,540, with a critical fall below this range targeting the 30-day moving average (DMA) at 65,278.

The report further outlines specific investment strategies, advising to 'Buy on dips' with a set stop-loss below 66,985, highlighting support and resistance levels at 67,203 and 68,091 respectively. Individual stock recommendations include DGKC and ISL, with specified target prices and stop-loss levels, indicating a positive momentum and endorsing a buy strategy for investors.