Karachi: The KSE-100 index continued its upward trajectory, gaining 2,238 points to close at 173,963 as trading volumes increased to 555 million shares. The index is set to re-test its recent high of 175,298, with the potential to reach 177,729 if it surpasses this resistance level.

According to JS Global, the index has key support at 171,545, with a fall below this marking a target at the 30-day moving average of 168,549. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators have risen, indicating a positive outlook. Investors are advised to 'buy on dips' with a stop-loss below the 30-DMA level. The support and resistance levels stand at 172,303 and 174,864, respectively.

Additionally, the press release highlighted strategic recommendations for specific stocks. NETSOL is recommended with a 'buy on dips' strategy, targeting prices of Rs138.60 and Rs148.25, and a stop-loss at Rs129.44. Similarly, Maple Leaf Cement Factory Limited (MLCF) is advised to be bought on dips with targets of Rs93.00 and Rs96.49, and a stop-loss at Rs90.21.