Karachi: The KSE-100 index of the Pakistan Stock Exchange continued its upward trajectory, closing at 184,050, marking an increase of 3,748 points day-on-day. Trading volumes surged to 941 million shares, compared to 704 million shares in the previous session. Analysts suggest the index may soon test the resistance level of 184,234, with potential to reach the all-time high of 191,033.

According to JS Global, the index's momentum is supported by the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), both indicating a positive trend. Investors are advised to 'Buy on dips,' with risk management recommended at levels below 180,565. Current support and resistance levels are identified at 181,666 and 185,334, respectively.

In individual stock performance, HBL closed above its 200-day moving average, with a suggested strategy of 'Buy on dips,' aiming for price targets of Rs316.70 and Rs322.45, with a stop-loss at Rs300.15. Similarly, HCAR is expected to maintain its recovery, with targets of Rs246.58 and Rs253.56, and a stop-loss at Rs235.03.