Karachi: The KSE-100 index exhibited a volatile trading session, ultimately closing at 122,225, marking an increase of 82 points from the previous day. Trading volumes reached 1,224 million shares, up from 968 million in the last session. The index may revisit its recent high of 122,903, with a potential to break above and target the all-time high of 126,718. However, any decline might find support within the 121,410 to 121,610 range, with further downside risks targeting the 30-DMA at 117,311.

Market analysts noted that momentum indicators are mixed, providing no definitive trading direction. Investors are advised to 'buy on dips' while maintaining a stop-loss below 121,419. Current support and resistance levels are identified at 121,775 and 122,789, respectively.

In company-specific news, HBL is expected to resume its uptrend. The recommended strategy is 'buy on dips', with targets set at Rs166.52 and Rs169.80, and a stop-loss at Rs161.22.

OGDC is experiencing consolidation above its 50-DMA. The suggested strategy is also 'buy on dips', with targets of Rs218.99 and Rs222.79, and a stop-loss at Rs209.40.

These insights were provided by JS Global, indicating strategic buying opportunities within the current market movements.