Karachi: The KSE-100 index saw a notable increase, closing at 114,880, marking a rise of 843 points from the previous day. Trading volumes reached 632 million shares, slightly down from 676 million in the prior session. The index is expected to encounter resistance in the range of 115,770 to 116,430, with a potential breakthrough aiming for the all-time high of 118,735.

According to a statement by JS Global, any downward movement will likely find support at the 30-day moving average, currently at 114,021. The Relative Strength Index (RSI) and the Stochastic Oscillator are on the rise, indicating a positive outlook. Investors are advised to consider any downturn as a buying opportunity, with risk managed below the 30-day moving average. The support and resistance levels are identified at 114,249 and 115,645, respectively.

In specific stock movements, ATRL is anticipated to see recovery, with a suggested strategy of 'buy on dips' targeting Rs644.36 and Rs652.50, with a stop loss at Rs623.20. Similarly, HBL's price has stabilized, and recovery is predicted. The recommended strategy is also 'buy on dips,' with targets set at Rs176.96 and Rs180.09, and a stop loss at Rs171.75.