Karachi: The KSE-100 index concluded the year amidst volatility, closing at 115,127, which marked a decrease of 132 points from the previous day. Trading volumes saw an increase to 1,237 million shares, up from 1,059 million shares in the last session.

According to JS Global, the index is poised to challenge the all-time high of 117,039, with a breakout potentially igniting a bullish trend toward 119,738 and 122,758. Conversely, any downward movement is expected to find support between 113,650 and 114,390. While the MACD is on an upward trajectory, the RSI has indicated some weakness, leaving the market without a definitive trading direction. Investors are urged to exercise caution at higher levels and consider buying during price dips. Key support and resistance levels are identified at 114,388 and 116,283, respectively.

In related market strategies, HCAR is recommended for a 'buy on dips' approach, targeting price points of Rs320.49 and Rs328.63, with a stop-loss at Rs305.10. Similarly, ISL is suggested for continued upside with the same 'buy on dips' strategy, targeting Rs98.47 and Rs101.90, and a stop-loss set at Rs95.00.