Karachi: The KSE-100 index continued its upward trajectory, gaining 861 points on the day-over-day chart and closing at 95,857 levels. Trading volumes increased to 831 million shares from the previous 765 million. The bullish momentum could propel the index to a target of 96,401, with a subsequent high of 97,625. However, a dip may find support between 95,360 and 95,700, potentially triggering a corrective trend if breached. The Stochastic Oscillator and RSI indicate an overbought market, suggesting a cautious approach for investors.

According to JS Global, investors are advised to exercise caution at these elevated levels and consider buying on dips. The immediate support level is noted at 95,367, with resistance around 96,191. In specific stock movements, Pakistan State Oil (PSO) is projected to have an upside, with a 'buy on dips' strategy targeting Rs268.06 and Rs281.67, and a stop-loss at Rs255.00. Similarly, Sui Northern Gas Pipelines Limited (SNGP) maintains an upside target, with a strategy to 'buy on dips' aiming for Rs94.44 and Rs96.50, and a stop-loss at Rs86.95.