Karachi: The KSE-100 index experienced a notable recovery, closing at 99,269, marking an increase of 4,695 points from the previous day. Trading volumes amounted to 1,057 million shares, a slight decrease from the 1,116 million shares traded in the prior session. The index is anticipated to encounter resistance between 99,550 and 99,820 points. Breaking past these levels could set new targets at 100,284 and 100,930. Conversely, the index is expected to find support between 97,780 and 98,670 points, prompting a recommendation for investors to exercise caution and await potential dips.

According to JS Global, a recovery is anticipated for Pakistan Petroleum Limited (PPL), with a strategic recommendation of 'buy on dips,' targeting price points of Rs154.56 and Rs158.01, and a stop-loss set at Rs145.42. Similarly, Sui Northern Gas Pipelines Limited (SNGP) has generated a buy signal from the Commodity Channel Index (CCI), with a strategy of 'buy on dips' targeting Rs85.97 and Rs87.97, and a stop-loss at Rs81.47. Investors are advised to consider these strategies in light of current market conditions.