Islamabad: The KSE-100 index, a barometer for Pakistan’s stock market health, is showing robust growth, as evidenced by its latest closing figures. The index closed up 760 points at 77,874, with trading volumes rising to 493 million shares from the previous 448 million, signaling strong investor confidence.

According to JS Global, the KSE-100 has successfully surpassed its 50-day moving average (DMA) and is now eyeing the 30-DMA, which stands at 79,083. A successful breach above this level could set the stage for the index to approach the 80,031 mark. Technical indicators such as the Relative Strength Index (RSI) and Stochastic Oscillator support the potential continuation of this upward trend, suggesting a robust investment environment.

Additionally, individual stocks like SNGP and DGKC are also highlighted for their promising trajectories. SNGP is advised as a ‘buy on dips’ with a target price of Rs71.00 to Rs73.40 and a stop loss at Rs68.94. Similarly, DGKC is positioned for recovery with the same strategy, targeting Rs85.58 and Rs88.42 with a stop loss at Rs81.00.

Investors are encouraged to capitalize on dips below the 77,085 level, with key support and resistance levels identified at 77,316 and 78,200 respectively. This strategic approach underscores a bullish outlook for Pakistan’s stock market amid increasing trading activities.