Karachi, In a session marked by bullish dominance, the KSE-100 index of the Pakistan Stock Exchange closed up by 1,203 points, reaching 69,620. Trading volumes slightly dipped to 336 million shares from the previous session's 389 million. Market analysts anticipate further gains, with potential targets at 70,201 and 71,262, should the positive momentum persist. Conversely, a decline below the 68,980-69,350 range could signal a corrective trend. Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) support a continued positive market sentiment, though short-term fluctuations are expected.

According to JS Global, the current market dynamics suggest a strategic approach of 'Buy on dips' for investors, with a recommended stop-loss below 68,710. The index finds immediate support and resistance at 68,980 and 69,990, respectively. Specific stock recommendations include Pakistan State Oil (PSO), with a price target of Rs178.50 and Rs183.57, and a stop-loss at Rs170.50. Likewise, International Steels Limited (ISL) is highlighted for its momentum, with price objectives set at Rs76.18 and Rs79.70 and a stop-loss at Rs72.30.