Karachi: The KSE-100 index, a key benchmark of Pakistan's stock market, experienced a significant gain, closing at 179,571 points after an increase of 1,878 points. Trading volumes rose to 851 million shares from 765 million in the previous session. Analysts anticipate the index will test resistance at the 179,919 level, with a potential continuation of the uptrend if this threshold is surpassed.

According to JS Global, the technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) have shown positive movement, reinforcing an optimistic outlook. The report suggests that any downward movement is likely to find support between the 177,930 and 178,370 levels. Investors are advised to 'buy on dips,' maintaining a stop-loss just below the 177,931 mark. The support and resistance levels are identified at 178,362 and 180,350, respectively.

In specific stock strategies, Maple Leaf Cement Factory (MLCF) is recommended for a 'buy on dips' approach, aiming for price targets of Rs110.75 and Rs113.83, with a stop-loss at Rs104.01. Similarly, International Steels Limited (ISL) is targeting its 200-day moving average, with strategies suggesting purchases on dips as well, aiming for Rs91.80 and Rs95.31, while placing stop-loss at Rs85.00.