Islamabad: The KSE-100 index, a benchmark for market performance, closed higher at 79,397, marking a gain of 410 points from the previous day. This continues a pattern of steady gains, with trading volumes rising to 387 million shares from 316 million shares in the prior session.

According to JS Global, the KSE-100 is poised for continued growth, potentially breaking past a resistance point at 79,704, yesterday's high. A successful breach of this resistance could pave the way for the index to reach 80,172 and possibly extend to 81,183. Conversely, any downward movement should find support between 78,750 and 79,080, with further safety netting provided by the 30-day moving average at 78,279.

Technical indicators such as the Relative Strength Index (RSI) have advanced, and the Stochastic Oscillator suggests an oversold market, both endorsing a positive outlook for the index. JS Global advises investors to 'Buy on dips', setting a risk management cut-off below the 78,634 level. Defined support and resistance stand at 79,078 and 79,710 respectively, guiding trading strategies in the near term.