Karachi, The Karachi Stock Exchange's benchmark KSE-100 index is poised for a potential uptrend following a significant rebound, closing up by 1,016 points at 65,064 after three consecutive sessions of losses. Trading volumes surged to 315 million shares from the previous session's 253 million.

According to JS Global, a premier brokerage firm, the index is now eyeing a break above the recent high of 65,206, targeting a range between 65,270 and 65,500, with a further potential rise to 66,151.

The report highlights that any decline should be seen as a buying opportunity for investors, with a well-defined risk level below 64,080. Support and resistance levels are pegged at 64,360 and 65,487, respectively. Despite the improved Relative Strength Index (RSI), the Moving Average Convergence Divergence (MACD) indicator signals a lack of a clear trading direction, suggesting investors maintain a cautious yet optimistic outlook.

This technical analysis comes as a valuable guide for investors navigating the often volatile waters of the stock market. JS Global's recommendations underscore the importance of vigilance and strategic planning in achieving investment success, especially in markets as dynamic as Pakistan's.