Karachi: The KSE-100 index recorded an increase of 1,496 points, closing at 163,189, as trading volumes rose to 636 million shares, up from the previous 591 million. The index is now approaching its resistance level at 163,397, with potential further advancement towards 163,818 and possibly 168,414. Key support levels are anticipated between the 50-day and 30-day moving averages, positioned at 162,297 and 161,823, respectively.

Technical indicators such as the RSI and MACD have shown upward movement, bolstering a favorable outlook. Investors are advised to consider purchasing during market dips, with a defined risk just below the 30-day moving average. Current support and resistance levels are noted at 161,370 and 164,202.

In equity specifics, Pakistan Petroleum Limited (PPL) shows potential for an upward trend, with a recommendation to 'buy on dips', aiming for Rs201.47 and Rs206.40, and a stop-loss set at Rs193.18. Similarly, Habib Bank Limited (HBL) is expected to maintain its positive trajectory with target prices at Rs306.39 and Rs314.36, and a stop-loss at Rs296.27.