Karachi: The KSE-100 index closed at 115,272, marking a significant increase of 1,435 points in a day-over-day (DoD) performance. Trading volumes reached 550 million shares, surpassing the previous session's 469 million shares, indicating heightened market activity.

According to a statement by JS Global, the index is expected to encounter resistance between the 115,350 and 115,900 levels. A breakout beyond this range could propel the index toward its all-time high of 118,735. On the downside, support is anticipated between 114,100 and 114,730, with further support at the 30-day moving average (DMA) level of 113,343. The Relative Strength Index (RSI) and the Stochastic Oscillator have both advanced, bolstering a positive outlook for the market. Investors are advised to 'Buy on dips' while maintaining a stop-loss below the 30-DMA level.

The report also highlights stock-specific strategies. For DG Khan Cement (DGKC), it suggests a 'Buy on dips' approach with targets set at Rs107.85 and Rs111.97, and a stop-loss at Rs101.10. Similarly, for Pakistan State Oil (PSO), the strategy is 'Buy on dips' with targets of Rs403.98 and Rs410.00, and a stop-loss at Rs391.43.

These technical indicators and investor strategies seem likely to shape the market's trajectory in the coming sessions.