Karachi: The KSE-100 index continued its upward trajectory, closing at 114,399 points, marking an increase of 686 points day-on-day. Trading volume was reported at 404 million shares, a notable rise from the previous 373 million shares, indicating heightened market activity.

According to JS Global, the sustained uptrend suggests an initial target of 114,997, with the potential to reach a recent high of 115,890. Key support levels identified include the 50-day moving average at 113,660 and the 30-day moving average at 112,874. Market indicators such as the Relative Strength Index and the Stochastic Oscillator have shown improvement, reinforcing an optimistic outlook for the index.

JS Global advises investors to 'Buy on dips,' with a risk strategy defined below the 50-day moving average. The current support and resistance levels are 114,138 and 114,690, respectively.

In related market movements, Habib Bank Limited (HBL) has seen price stabilization with a strategic recommendation to 'Buy on dips' targeting Rs158.30 and Rs163.28, with a stop loss at Rs149.60. Similarly, NETSOL Technologies is projected to continue its recovery, with buy targets set at Rs138.75 and Rs143.60, and a stop loss at Rs133.16.