Karachi, The KSE-100 index showed strong performance, closing up at 69,620, a gain of 1,203 points. Trading volume was recorded at 336 million shares. Analysts suggest potential targets if the uptrend continues, while also noting key support levels for possible pullbacks.

According to JS Global, the KSE-100 index might aim for a target of 70,201, potentially escalating to 71,262 if the bullish trend persists. Conversely, the index is expected to find support between 68,980 and 69,350, with a fall below these levels possibly leading to a corrective movement. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators support a positive outlook, although a short-term pullback remains a possibility.

Investors are advised to adopt a 'Buy on dips' strategy, maintaining a stop-loss below 68,710. The established support and resistance levels for the index are 68,980 and 69,990, respectively.

In related developments, Pakistan State Oil (PSO) and International Steels Limited (ISL) are also showing positive momentum. JS Global recommends buying on dips with specific target prices and stop-loss levels for both stocks, indicating continued upside potential in these securities.