Karachi: The KSE-100 index of the Pakistan Stock Exchange, after reaching a low of 180,590 points, showed a recovery trend, closing at 183,952 points, marking an increase of 1,567 points day-on-day. Trading volumes reached 1,037 million shares, slightly down from the previous session's 1,059 million shares. Market indicators suggest that the index may re-test resistance at the 184,305-point level, with a potential to reach further heights of 185,111 and 186,340 points. However, any downward movement might find support between the 181,590 and 182,950-point levels.

According to JS Global, market momentum indicators remain mixed, offering no definitive trading direction. Investors are advised to 'Buy on dips', with a recommended risk management strategy that involves maintaining caution below the 180,590-point mark. Support and resistance levels are identified at 181,593 and 185,308 points, respectively. In sector-specific moves, Maple Leaf Cement Factory Limited (MLCF) has seen price stabilization and is projected to recover, with a strategy to 'Buy on dips' targeting Rs121.87 and Rs124.00, with a stop-loss at Rs116.55. Similarly, the Bank of Punjab (BOP) is anticipated to resume its uptrend, with a 'Buy on dips' strategy targeting Rs42.26 and Rs44.17, with a stop-loss at Rs40.35.