Karachi: The KSE-100 index experienced a volatile trading session, closing at 180,511, marking an increase of 118 points from the previous day. Trading volumes reached 1,231 million shares, slightly higher than the 1,224 million shares recorded in the prior session. The market is anticipated to test resistance at the recent high of 181,358, with a further breakthrough potentially targeting the 184,511 level. Conversely, any decline is likely to find support between the 179,560 and 180,480 levels, as a drop beneath these thresholds could trigger a corrective trend.

According to JS Global, technical indicators such as the RSI and MACD are trending upwards, suggesting a favorable outlook. The firm advises investors to 'Buy on dips', recommending a stoploss below the 179,564 level. Current support and resistance levels are identified at 179,598 and 181,391, respectively. Additionally, specific stock strategies include 'Buy on dips' for PSO, targeting Rs371.00 and Rs377.51 with a stoploss at Rs360.04, and for HBL, targeting Rs308.29 and Rs319.80 with a stoploss at Rs298.68.