Karachi: The KSE-100 index closed at 187,832 points, marking a daily increase of 931 points, as trading volumes soared to 1,195 million shares from the previous 849 million. The index is anticipated to confront resistance at 188,312 points and could target the all-time high of 191,033 points if it breaks through. Support levels are identified between 186,420 and 187,130 points.

According to JS Global, technical indicators such as the RSI and Stochastic Oscillator are on the rise, bolstering a positive outlook. Investors are advised to 'Buy on dips' with a stop-loss set below 186,428 points, while resistance and support levels are noted at 188,423 and 187,130 points, respectively.

In sector-specific trends, Pakistan State Oil (PSO) is maintaining its recovery trend. The strategy of 'Buy on dips' is recommended, targeting price levels of Rs489.00 and Rs498.03, with a stop-loss at Rs477.65. Similarly, Bank of Punjab (BOP) is gaining momentum, with a 'Buy on dips' strategy suggested, targeting Rs41.76 and Rs42.82, and a stop-loss at Rs40.04.