Karachi: The KSE-100 index has extended its upward momentum, closing at 168,303, marking a 1,218-point increase day-over-day. Trading volumes rose to 783 million shares, up from 687 million previously. Analysts suggest that if this trend persists, the index may target its all-time high of 169,989, potentially leading to further gains to 173,031 and 175,883.

The market's technical indicators, including the RSI and MACD, point towards a continued positive outlook. Investors are advised to consider a 'buy on dips' strategy with a stoploss set below 167,386. Current support and resistance levels are noted at 167,541 and 168,910, respectively.

In the broader market, specific stocks like ISL and PPL are projected to maintain their uptrends. The recommended approach for ISL involves targeting prices at Rs100.64 and Rs104.64, with a stoploss at Rs96.00. For PPL, the target prices are set at Rs223.00 and Rs229.08, with a stoploss at Rs211.00.

The technical outlook, provided by JS Global, highlights a bullish sentiment in the market, encouraging strategic buying opportunities for investors.