Karachi: Bullish momentum continued in the Pakistan Stock Exchange as the KSE-100 index closed the session at 173,896, marking an increase of 1,496 points. The trading volume rose to 858 million shares, surpassing the previous session's 798 million shares.

The index is anticipated to revisit its recent high of 174,412. A breakthrough past this point could target the 175,883 level. On the downside, support is expected between 173,200 and 173,840. Both the Relative Strength Index (RSI) and the Stochastic Oscillator are trending upwards, indicating a favorable outlook.

Investment analysts recommend a strategy of 'Buy on dips', with a stoploss set below the 173,200 mark. Current support and resistance levels are identified at 173,260 and 174,471, respectively.

In related market activity, Pakistan Petroleum Limited (PPL) is moving upward gradually. The strategy proposed is 'Buy on dips' with a target price range of Rs232.10 to Rs238.36 and a stoploss at Rs225.75.

Habib Bank Limited (HBL) is trading within a range. The suggested approach remains 'Buy on dips', targeting Rs325.95 to Rs332.10, with a stoploss at Rs321.00.

These insights were provided by JS Global, highlighting the ongoing positive trends in the market.