Karachi: The KSE-100 index closed at a strong 180,302 level, marking an increase of 1,887 points compared to the previous session. The trading volume was recorded at 704 million shares, a decrease from the 869 million shares traded earlier. The market's upward trend could potentially reach a recent high of 182,186, with further gains targeting 184,511. Support levels are anticipated between 179,020 and 179,880 if the market experiences a downturn.

According to JS Global, technical indicators such as the RSI and the MACD are pointing upwards, suggesting a continued positive outlook. Investors are advised to 'Buy on dips', with a risk assessment below the 179,020 level. The current support and resistance levels are at 179,447 and 180,729, respectively. In other market movements, MLCF is expected to consolidate, with a strategy to 'Buy on dips' targeting Rs107.75 and Rs110.75, and a stop-loss at Rs104.01. For HCAR, a recovery is anticipated, with a similar 'Buy on dips' strategy targeting Rs245.90 and Rs253.56, and a stop-loss at Rs235.03.