Karachi: The KSE-100 index in Pakistan witnessed a notable increase, closing at 158,313 points, marking a daily gain of 4,347 points. Trading volumes surged to 612 million shares compared to 375 million shares in the previous session. The index is poised to test resistance at the 200-day moving average (200-DMA) of 158,695, with a potential breakthrough targeting the 30-day moving average (30-DMA) of 163,385. Investors are advised to adopt a 'buy on dips' strategy, with risk management suggested below the 155,200 level.

According to JS Global, the relative strength index (RSI) and the moving average convergence divergence (MACD) indicators continue to rise, supporting a recovery outlook. The support and resistance levels are identified at 156,147 and 159,533, respectively. In related market movements, Honda Atlas Cars (HCAR) prices have stabilized, prompting a 'buy on dips' strategy targeting Rs174.57 and Rs179.80, with a stop-loss at Rs163.99. Similarly, International Steels Limited (ISL) is gaining momentum, with a 'buy on dips' approach targeting Rs80.50 and Rs83.58, and a stop-loss at Rs72.00.