Karachi: In a session marked by bullish activity, Pakistan's KSE-100 Index closed at 168,490, reflecting an increase of 2,849 points. Trading volumes reached 1,573 million shares, a slight decline from the previous session's 1,639 million shares. Market analysts suggest that if the upward trend persists, the index could aim for the 169,508 level, with the possibility of further gains toward 170,323.

Support levels for the index are anticipated between 166,500 and 167,560. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are trending upwards, indicating a positive market outlook. Investment strategists recommend that investors consider buying on market dips, with a suggested stop-loss set below 165,567. The defined support and resistance levels are at 166,498 and 169,550, respectively.

Individual stocks also saw strategic recommendations. For Attock Refinery Limited (ATRL), the advice is to 'buy on dips' targeting prices of Rs709.85 and Rs718.00, with a stop-loss at Rs695.58. Similarly, for Oil and Gas Development Company Limited (OGDC), recovery is expected, with a 'buy on dips' strategy targeting Rs282.78 and Rs286.91, and a stop-loss at Rs275.55.

These insights are derived from the latest analysis by JS Global, highlighting opportunities for investors in the current market environment.