Karachi, The Karachi Stock Exchange's KSE-100 index is on a path to potentially surpass its recent peak, signaling a promising outlook for the near future, especially within the cement sector. Analysts predict a significant recovery, with technical indicators suggesting an upturn towards and possibly beyond the index's all-time high. The market's resilience is evident, with a strong support range identified that could determine the trajectory of the index in the coming period.

According to JS Global, the KSE-100 index is nearing a critical juncture, with a move above its recent high of 66,200 potentially setting the stage for a climb towards a record level of 67,100. Should the momentum sustain, the index could see gains extending to 69,250. Conversely, a slip below the support range of 63,850 to 64,100 might challenge the current optimistic stance.

The analysis highlights a notable downturn in cement stocks, which has subsequently opened up lucrative trading opportunities. Stocks such as MLCF, DGKC, PIOC, FCCL, and CHCC are particularly emphasized for their recovery potential after undergoing recent corrections. These companies are now approaching key support levels, with some already demonstrating positive reversals backed by short-term momentum indicators. Investment strategies recommend stock accumulation within this sector, underscored by specified stop loss parameters to mitigate risks.

This development is a significant indicator of the cement sector's resilience and the broader market's ability to rebound from setbacks. Investors are advised to monitor these stocks closely, as their performance could provide insights into the market's overall health and direction.