Karachi: The KSE-100 index surged by 851 points, closing at 185,372, moving closer to its all-time high. Trading volumes stood at 816 million shares, a decrease from 995 million shares previously. Market analysts anticipate the index to test resistance levels between 185,660 and 185,900, with a potential breakthrough expected to target the historic high of 191,033. Meanwhile, support is projected in the 183,960 to 184,470 range.

According to JS Global, technical indicators such as the RSI and MACD are trending positively, bolstering a favorable market outlook. Investors are advised to 'Buy on dips,' maintaining a stop-loss below 183,962. The current support and resistance levels are identified at 184,667 and 185,873, respectively. Individual stocks such as ISL and HCAR are also gaining momentum, with strategic recommendations for buying on dips and specific target and stop-loss prices outlined.