Karachi: The KSE-100 index experienced a positive shift, closing at 184,174 points, a rise of 1,836 points from the previous day. Trade volumes, however, saw a decrease with 805 million shares changing hands compared to the earlier 933 million. The index currently trades above the 30-day moving average (DMA), which is expected to provide support at the 181,536 level, though a downturn could see it targeting the 50-DMA at 175,829. Resistance on any upward movement is anticipated between 184,380 and 186,620 points.

According to JS Global, the trading indicators remain mixed, offering no definitive trading perspective. Investors are advised to exercise caution at higher levels and consider waiting for market dips. Current support and resistance levels are identified at 182,141 and 186,414 points, respectively. Within individual stocks, HBL closed above the 30-DMA with a recommended strategy to 'buy on dips,' aiming for Rs347.13 and Rs355.86, with a stop-loss at Rs337.60. PSO is supported at the 50-DMA, with a similar 'buy on dips' strategy targeting Rs475.62 and Rs486.38, with a stop-loss at Rs466.00.