Karachi, The KSE-100 index demonstrated strong upward movement, gaining 771 points to close at 72,743. Trading volumes stood at 541 million shares, down from 799 million shares in the previous session. The index is poised to potentially surpass its recent high of 72,862, with an eye towards reaching 73,646. Conversely, any decline is expected to find support between 72,050 and 72,450, beyond which a corrective trend might begin.

According to JS Global, the analysis indicates that the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) metrics have improved, suggesting a continued positive outlook for the index. Investors are advised to consider any market dips as buying opportunities, with the recommended risk threshold set below the 71,764 level. The established support and resistance levels are noted at 72,050 and 73,149, respectively.