Karachi: The KSE-100 index experienced a significant recovery, closing at 99,269 points, a daily increase of 4,695 points. Trading volumes reached 1,057 million shares, a slight decrease from the 1,116 million shares traded in the previous session.

According to JS Global, the index is expected to encounter resistance between the 99,550 and 99,820 point range. Breaking above these levels could set new targets at 100,284 and 100,930 points. Conversely, any decline may find support between 97,780 and 98,670 points. Investors are advised to remain cautious at higher levels and consider buying during market dips. Key support and resistance levels are identified at 97,788 and 100,150 points, respectively.

In related developments, Pakistan Petroleum Limited (PPL) is predicted to recover, with a strategy of buying on dips targeting Rs154.56 and Rs158.01, with a stop-loss at Rs145.42. Additionally, Sui Northern Gas Pipelines Limited (SNGP) has generated a buy signal, targeting Rs85.97 and Rs87.97, with a stop-loss set at Rs81.47.