Karachi: The KSE-100 index experienced an upward trend, closing at 171,153, a 269-point increase from the previous day. Trading volumes also saw a rise, with 693 million shares exchanged, compared to 576 million shares in the prior session. The index is approaching the 200-day moving average at 172,289; surpassing this level could set the next target at the 30-day moving average of 175,132. Conversely, any decrease may find support between the 170,430 and 170,910 levels, with a breach possibly leading to a recent low of 166,141.

According to JS Global, technical indicators such as the Relative Strength Index and the Stochastic Oscillator have shown upward movement, indicating a potential recovery. Investors are advised to 'buy on dips' with risk management below the 169,400 level. The support and resistance for the index are noted at 170,793 and 171,623, respectively.

In related market strategies, NETSOL has limited downside risk with a recommended strategy of 'Buy on dips', targeting price points of Rs130.00 and Rs135.35, with a stop-loss at Rs123.20. Similarly, DGKC is expected to continue its steady recovery with a 'Buy on dips' strategy, targeting Rs201.72 and Rs206.16, and a stop-loss at Rs194.00.