Karachi: The KSE-100 Index maintained its upward trajectory, closing at 157,021, marking a 457-point increase compared to the previous day. Trading volumes reached 996 million shares, slightly lower than the 1,069 million shares traded earlier. The index is anticipated to encounter resistance between the 157,470 and 157,820 levels, with a breakthrough potentially aiming for the 159,366 mark. Conversely, support is identified between the 156,080 and 156,240 levels, with a decline below this range possibly igniting a corrective movement.

Technical indicators, including the RSI and MACD, are on an upward trend, reinforcing a positive outlook for the market. Analysts suggest a 'Buy on dips' strategy for investors, emphasizing caution with a risk defined below the 156,080 level. Support is noted at 156,240, and resistance is pegged at 157,640.

In specific stock recommendations, PPL is projected to continue its upward movement, with a 'Buy on dips' strategy targeting Rs199.80 and Rs204.42, and a stop-loss set at Rs191.50. Similarly, NETSOL is gaining momentum, with targets of Rs149.32 and Rs151.90, and a stop-loss at Rs143.13, reflecting a strategic approach for potential gains in the market.