Karachi: The KSE-100 index closed at a robust 185,058 level, marking an increase of 883 points, with trading volumes reaching 740 million shares. The index is anticipated to consolidate above its 30-day moving average, with potential upward targets identified at 187,567 and 191,033. Investors are advised to remain vigilant, as support levels are noted between 181,990 and 182,800, while resistance may be encountered at 186,182.

According to JS Global, the Relative Strength Index (RSI) and the Stochastic Oscillator are indicating a recovery, suggesting a cautious approach for investors who might consider waiting for market dips. Additionally, specific stock strategies were highlighted, including a 'buy on dips' strategy for HBL, targeting Rs346.00 and Rs351.50, with a stop-loss at Rs330.02. Similarly, HCAR is advised with a 'buy on dips' strategy, targeting Rs248.25 and Rs258.12, with a stop-loss at Rs232.00.