Karachi, The KSE-100 Index saw significant gains, closing at 72,052 points after a daily rise of 692 points, indicating a continued bullish trend in the Pakistan stock market. Despite a slight drop in trading volume from 656 million to 599 million shares, the outlook remains optimistic with expectations of further upward movement.

According to JS Global, the KSE-100 Index is expected to encounter resistance between the 72,250 and 72,450 levels. A successful breach above this range could set a new target of 73,646 points. Conversely, should the index fall, support is anticipated within the 71,540 to 71,980 range, with a further drop potentially leading to a corrective trend. Market indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) both suggest positive momentum, reinforcing the recommendation for investors to buy on dips, with a defined risk level below 71,467.