Karachi: The KSE-100 index showed a positive trend, gaining 515 points to close at 122,762, as per the latest data released. Trading volumes were recorded at 750 million shares, slightly down from the previous 805 million.

The index is anticipated to challenge yesterday's high of 123,257. A break above this level could propel the index towards 124,400, with a potential rise to 126,718. On the downside, the index is expected to find support in the range of 121,640 to 122,200.

Technical indicators like the RSI and Stochastic Oscillator are on an upward trajectory, reinforcing a positive outlook. Investors are encouraged to adopt a 'buy on dips' strategy, with a suggested stoploss below 120,370. The current support and resistance levels are at 122,201 and 123,289, respectively.

In related updates, PSO's moving averages are expected to limit downside risks. The recommended strategy is to 'buy on dips', with targets set at Rs381.00 and Rs385.00, and a stoploss at Rs370.30.

For DGKC, the market strategy remains 'buy on dips', targeting Rs165.20 and Rs170.75, with a stoploss at Rs159.00.

These insights are provided by JS Global.