Karachi: The KSE-100 index continued its upward trajectory, closing at 170,741 points with a gain of 877 points. Trading volumes increased to 906 million shares, up from the previous 873 million. Analysts predict further gains with potential targets of 173,031 and 175,883, while support levels are expected between 169,970 and 170,300 should the market see a downturn.

The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are both trending upwards, reinforcing a positive market outlook. Analysts recommend a 'Buy on dips' strategy, advising investors to maintain a stoploss below the 170,293 mark. Key support and resistance levels are at 170,355 and 171,064, respectively.

In specific stocks, Pakistan Petroleum Limited (PPL) is suggested for a 'Buy on dips' approach with target prices set at Rs233.02 and Rs238.44, and a stoploss at Rs224.01. Similarly, NETSOL is projected for gains, targeting Rs136.50 and Rs138.90 with a stoploss at Rs131.01.

These insights were provided by JS Global, highlighting a strong technical outlook for the Pakistan market.