Karachi: The KSE-100 Index continued its upward trajectory, adding 861 points to close at 95,857, reflecting a robust bullish sentiment in the market. Trading volumes increased to 831 million shares from the previous 765 million, indicating heightened investor activity.

According to JS Global, the current bullish trend suggests potential future targets at 96,401 and 97,625, provided the momentum continues. However, there is a cautionary note as market indicators like the Stochastic Oscillator and the RSI point towards an overbought condition. Investors are advised to exercise caution at these higher levels, with an eye on possible dips. The support range is identified between 95,360 and 95,700, with a corrective trend likely if the index falls below these levels. Immediate support is around 95,367, while resistance is situated at 96,191.

Additionally, strategies for specific stocks such as PSO and SNGP were highlighted. For PSO, the recommendation is to "buy on dips," with targets set at Rs268.06 and Rs281.67, and a stop-loss at Rs255.00. Similarly, for SNGP, the upside target remains with a "buy on dips" strategy, targeting Rs94.44 and Rs96.50, and a stop-loss at Rs86.95.