Karachi: The KSE-100 Index experienced fluctuations, dipping to a low of 112,014 before rebounding to close at 113,247, marking an increase of 609 points from the previous day. Trading volumes decreased to 500 million shares, down from 695 million shares in the prior session.

According to a statement by JS Global, a breakthrough above Friday's high of 113,554 is expected to trigger a recovery trend, with targets set at 114,581 and 115,374. Conversely, any decline will likely find support at Friday's low of 112,014, followed by 111,673, which corresponds to the 30-day moving average. The Relative Strength Index has shown improvement, and the Stochastic Oscillator is considered oversold, both indicators supporting the prospect of recovery.

Investors are advised to 'buy on dips', with a stop-loss set below the 30-day moving average. The identified support and resistance levels are at 112,323 and 113,863, respectively.

Additionally, the Stochastic Oscillator for DG Khan Cement (DGKC) has triggered a buy signal. The recommended strategy is to 'buy on dips', with price targets of Rs101.17 and Rs105.30, and a stop-loss at Rs95.00. Similarly, for International Steels Limited (ISL), a recovery trend is anticipated with targets of Rs100.00 and Rs103.70, and a stop-loss at Rs93.00.