Karachi: The KSE-100 index in Pakistan is showing a bullish trend, gaining 1,304 points to close at 166,678. Trading volumes increased to 592 million shares from 498 million. The index is targeting an initial level of 168,414, potentially reaching an all-time high of 169,989. Any decline may find support at 165,753, with a further drop targeting the 50-DMA at 162,618. The RSI and MACD indicators continue to rise, suggesting a positive outlook. Investors are advised to 'Buy on dips' with a stop loss below 165,753. Current support and resistance levels stand at 165,952 and 167,204, respectively.

In other market updates, PPL is noted for a 'higher high and higher low' with a 'Buy on dips' strategy targeting Rs212.40 and Rs216.50, and a stop loss at Rs206.51. Meanwhile, DGKC closed above the 30-DMA, with a similar 'Buy on dips' strategy targeting Rs230.75 and Rs234.67, and a stop loss at Rs222.10.