Islamabad, The KSE-100 index in Pakistan's stock market demonstrated strong bullish momentum, moving closer to its all-time high, with a significant gain that marked a positive outlook for investors. On Monday, the index escalated by 747 points, ending the session at 65,326.

According to JS Global, the trading volume for the day was recorded at 344 million shares, a decrease from the 424 million shares traded in the previous session. Analysts from JS Global highlighted a bullish pattern in the market, with the KSE-100 forming higher highs and higher lows, indicating potential for further gains. The research set forthcoming targets at 66,108 and 67,290, while also noting that any potential pullbacks should find support between 64,740 and 65,120 levels.

The report further detailed technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), both suggesting that there is still potential for the index to rise without entering the overbought territory. Based on this analysis, JS Global recommends investors to adopt a strategy of buying on dips, with a specific instruction to maintain a stop-loss order below 64,530 to manage risk effectively. Key levels of support and resistance were identified at 64,742 and 65,698, respectively, providing benchmarks for investors monitoring the market's movement.