Karachi: The KSE-100 index experienced a positive session, closing at 117,587 points, marking an increase of 467 points from the previous day. Trading volumes slightly decreased to 936 million shares from 1,038 million shares in the prior session. Analysts predict that if the uptrend continues, the index could initially target 119,738 points, with potential growth to 122,758 points. Conversely, any decline is expected to find support between 115,580 and 116,200 points, with a drop below this range indicating a corrective trend.

According to JS Global, indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are rising, supporting a positive outlook. Investors are advised to 'Buy on dips' with a stop-loss set below 115,580 points. The current support and resistance levels stand at 116,147 and 118,459, respectively. For specific stocks, DG Khan Cement (DGKC) has completed its correction, with a 'Buy on dips' strategy targeting Rs106.19 and Rs109.24, and a stop-loss at Rs100.40. Habib Bank Limited (HBL) is also recommended for 'Buy on dips', targeting Rs184.79 and Rs192.41, with a stop-loss at Rs174.00.