Karachi: The KSE-100 index continued its upward trajectory, closing at 116,776, marking an increase of 385 points from the previous day. Trading volumes were recorded at 479 million shares, slightly lower than the 485 million shares traded in the prior session.

Market analysts project that the index may test the previous high of 117,362, with a potential breakthrough targeting the 118,718 level. In case of a decline, the index is expected to find support at the 30-day moving average, currently positioned at 115,631.

Technical indicators such as the Relative Strength Index and the Stochastic Oscillator have shown an upward movement, reinforcing a positive market outlook. Investors are advised to consider 'buying on dips', with a risk strategy in place below the 30-day moving average.

The current support and resistance levels are identified at 116,493 and 117,210, respectively, according to the analysis by JS Global.