Islamabad: The Pakistan Stock Exchange's benchmark KSE-100 index surged 1,547 points to close at 146,930 on robust trading volume of 611 million shares, signaling a potential continuation of the upward trend.

Technical analysis indicates the index could retest its intraday peak of 147,005, with a decisive breakthrough potentially propelling it towards 147,328 and subsequently 148,379. Downward corrections are expected to find support around 145,790 and 146,400.

Momentum indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) reinforce the positive outlook. JS Global advises investors to adopt a "buy on dips" approach with a stop-loss order placed below 145,259. Key support and resistance levels are identified at 145,790 and 147,537, correspondingly.

Elsewhere, ISL is projected to advance towards its recent high, prompting a "buy on dips" recommendation with target prices of Rs104.00 and Rs108.99 and a stop-loss at Rs98.00. MLCF, currently trading above its crucial moving averages, also warrants a "buy on dips" strategy, aiming for Rs86.75 and Rs88.56 with a stop-loss set at Rs82.51.