Karachi: The KSE-100 index, a benchmark for Pakistan’s stock market, showcased a robust increase, closing at 78,570, marking an advance of 695 points day-over-day. Trading volumes registered at 420 million shares, slightly down from the previous session’s 493 million shares.

According to JS Global, the index’s performance is poised for further gains if the upward momentum is sustained. The next immediate goal for the KSE-100 is the 30-day moving average (DMA), which stands at 79,093. Surpassing this level could set the stage for an ascent towards the 80,031 mark. Conversely, a solid foundation exists at the 50-DMA of 77,711, which serves as the critical support level. Market indicators such as the Relative Strength Index (RSI) and the Stochastic Oscillator also favor a bullish outlook, both trending upwards. Investors are advised to capitalize on any dips in the market, maintaining a stop-loss order beneath the 50-DMA, with key support and resistance pegged at 78,139 and 78,911, respectively.