Karachi: The KSE-100 index saw a positive session, closing at 115,845, up by 573 points from the previous day. Trading volumes were notably high, with 675 million shares exchanged, compared to 550 million in the previous session, indicating robust market activity.

According to a statement by JS Global, the index is anticipated to potentially rise to yesterday's high of 116,276. A breakthrough at this level could propel the index towards its all-time high of 118,735. Conversely, any decline may find support between the 115,320 and 115,670 range, with a further drop targeting the 30-day moving average (DMA) at 113,570.

Technical indicators such as the Relative Strength Index (RSI) and the Stochastic Oscillator are backing a positive outlook, prompting investors to adopt a 'buy on dips' strategy while maintaining a stoploss below the 30-DMA. Current support and resistance levels are noted at 115,583 and 116,192, respectively.

In stock-specific strategies, DGKC is advised for a 'buy on dips' with targets set at Rs111.97 and Rs116.09, and a stoploss at Rs104.90. Similarly, OGDC is recommended for a 'buy on dips', targeting Rs225.85 and Rs228.75, with a stoploss positioned at Rs219.31.