Karachi: The Karachi Stock Exchange's benchmark KSE-100 index ended the week with a substantial gain, closing at 172,400 points, a rise of 2,696 points. Trading volumes increased to 891 million shares from 772 million previously. The index is projected to challenge the resistance level at 173,094, with potential targets of 175,298 and 180,992. Conversely, support levels are identified between 170,940 and 171,200, with a potential downside target of 168,549 if these levels are breached.

According to JS Global, the Relative Strength Index (RSI) and Stochastic Oscillator currently support a positive outlook for the market. Investors are advised to consider 'buy on dips' strategies, with a recommended stoploss below the 170,946 level. For specific stocks, DG Khan Cement (DGKC) and United Bank Limited (UBL) are suggested for purchase with respective targets of Rs208.90 and Rs213.13, and Rs411.49 and Rs417.00, with stoploss levels at Rs197.80 and Rs400.00.