Karachi: The KSE-100 Index concluded a range-bound session with a modest increase, closing at 149,493 points, a rise of 258 points. Trading volumes reached 802 million shares, a decrease from the 1,063 million shares traded in the prior session. The index is projected to test resistance at Friday's high of 150,465 points. A breakthrough above this level could set a target of 151,859 points. Conversely, any downside is likely to find support within the 148,780 to 149,140 range. A drop below this support zone could initiate a corrective trend, with potential declines to 148,046 and 146,057 points.

Technical indicators presented mixed signals; the Relative Strength Index (RSI) showed upward movement, while the Stochastic Oscillator was trending downward, indicating uncertainty in trading views. Investors are advised to exercise caution at elevated levels and consider buying during market dips. The defined support and resistance levels are 149,140 and 150,155 points, respectively.

In specific stock movements, Pakistan State Oil (PSO) is anticipated to continue its recovery. JS Global recommends a 'buy on dips' strategy for PSO, targeting Rs404.95 and Rs409.54, with a stop loss at Rs395.05. Similarly, Honda Atlas Cars (HCAR) is showing gradual upward movement, with a 'buy on dips' strategy targeting Rs304.43 and Rs313.91, and a stop loss set at Rs287.31.