Karachi: The Karachi Stock Exchange 100-Index (KSE-100) witnessed a robust upswing as it climbed by 1,248 points to close at 125,627, according to a press release from JS Global. This bullish momentum is supported by increased trading volumes, which rose to 1,145 million shares from the previous 773 million shares.

Market analysts suggest that if the current gains persist, the KSE-100 index could reach its all-time intraday high of 126,718. A breakthrough beyond this level may set the stage for targeting 129,274. On the downside, the index is expected to find support in the range of 124,830 to 125,300. Any drop below this could potentially lead to a decline toward the 30-day moving average at 120,832.

Technical indicators, including the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), continue to rise, reinforcing the positive outlook for the market. Investors are advised to adopt a 'buy on dips' strategy, with a stop-loss set below 124,500. The current support and resistance levels stand at 124,835 and 126,084, respectively.

In related market activity, International Steels Limited (ISL) is resuming its upward trend. Investors are encouraged to 'buy on dips' with target prices set at Rs94.00 and Rs99.29, and a stop-loss at Rs85.96.

Similarly, Honda Atlas Cars Pakistan (HCAR) maintains its recovery trend. The advised strategy remains 'buy on dips', targeting Rs277.87 and Rs282.91, with a stop-loss at Rs272.50.