Karachi: The KSE-100 index closed up 807 points in a vibrant trading session on Monday, pushing towards its all-time high of 86,520, with market analysts suggesting a break above this could set a new target of 86,937. Today’s session saw a significant increase in trading volume, with 475 million shares changing hands, up from 324 million in the previous session.

According to JS Global, the KSE-100 index is nearing its peak, and while there is potential for further gains, resistance at 86,370 could cap upward movement. The analysis indicates that the index will find support between 85,540 and 85,860, with a drop below these levels possibly triggering a corrective trend. Technical indicators such as the Relative Strength Index (RSI) show improvement, but the Stochastic Oscillator is trending downward, suggesting a neutral market outlook. Investors are advised to remain cautious at higher levels and consider buying on dips.

In stock-specific movements, Honda Atlas Cars (HCAR) and D.G. Khan Cement (DGKC) were highlighted for their strategic positions. HCAR is advised as a ‘buy on dips’ with a target price of Rs265.50 and Rs277.23, supported by a stop loss at Rs255.00. Similarly, DGKC presents limited downside risk, with a buying strategy targeting prices of Rs83.61 and Rs86.50, and a stop loss set at Rs77.72.