Karachi: The Karachi Stock Exchange's KSE-100 index concluded a volatile trading session, closing at 115,469 points, marking an increase of 450 points from the previous day. Despite this uptick, trading volumes were lower, with 471 million shares changing hands compared to 507 million in the prior session.

The index is anticipated to trade within a range defined by the 50-day moving average (DMA) at 115,235 points and the 30-DMA at 116,574 points. A breakout beyond these levels is necessary for a decisive directional move. Technical indicators show mixed signals, with the Relative Strength Index (RSI) improving, while the Moving Average Convergence Divergence (MACD) trends downward, providing no clear trading perspective. Investors are advised to maintain 'long' positions above the 50-DMA.

For Sui Northern Gas Pipelines (SNGP), consolidation is expected to persist. The recommended strategy is to 'buy on dips,' with target prices set at Rs124.39 and Rs126.48 and a stop-loss at Rs116.00.

Similarly, for D.G. Khan Cement Company (DGKC), a recovery is on the horizon. The 'buy on dips' strategy is advised, targeting Rs129.20 and Rs133.05, with a stop-loss at Rs120.60.

This technical analysis and strategy guidance is provided by JS Global and can be further inquired through their research channel at [email protected].