Karachi, The KSE-100 Index closed on a positive note at 60,864, gaining 1,693 points. The trading volume stood at 669 million shares, slightly down from the previous session's 671 million shares. the index is now targeting its 30-day moving average (DMA) at 61,652, with a potential uptrend towards 62,926.

According to JS Global, The report indicates that any downside in the KSE-100 will likely find support between 59,400 and 60,210 levels. A fall below this range could target the 50-DMA at 57,940. The Relative Strength Index (RSI) and the Stochastic Oscillator have shown signs of improvement, suggesting a possible recovery trend. Investors are advised to 'Buy on dips', with risk defined below 59,411. The support and resistance levels for the index are projected at 59,411 and 61,663, respectively.

In individual stock news, Pakistan State Oil (PSO) is likely to see a pullback from its 50-DMA. The recommended strategy for PSO is 'Buy on dips', targeting Rs176.37 & Rs184.24, with a stop loss at Rs165.81. For Attock Refinery Limited (ATRL), which has shown a piercing line formation, the strategy remains 'Buy on dips', targeting Rs341.00 & Rs350.20, with a stop loss at Rs321.92.