Karachi: The KSE-100 index experienced a positive trading session, closing at 165,737 points, marking an increase of 1,270 points from the previous day. Trading volumes rose to 578 million shares, compared to the earlier session's 402 million. The index is currently targeting the 30-day moving average (DMA) set at 167,490 points, with a breakthrough potentially paving the way to the 50-DMA level of 170,123 points.

According to JS Research, the market's technical indicators, including the Relative Strength Index (RSI) and the Stochastic Oscillator, are on an upward trajectory, indicating a recovery trend. Investors are advised to 'Buy on dips', with a recommended stoploss set below 164,355 points. The support level is noted at 164,695 points, while resistance stands at 166,439 points.

In specific stock analyses, the Oil and Gas Development Company (OGDC) has shown bullish RSI indicators. The suggested strategy is to 'Buy on dips', targeting price levels of Rs305.78 and Rs309.00, with a stoploss at Rs301.50. For Habib Bank Limited (HBL), indicators are also showing positive signs. The strategy here is similarly to 'Buy on dips', with target prices of Rs292.27 and Rs295.77, and a stoploss at Rs282.66.