Karachi: The KSE-100 index has experienced a notable increase, closing at 173,939 points, up by 4,027 points from the previous day, with trading volumes reaching 1,441 million shares compared to the prior 973 million. The index is projected to test resistance at 174,404 points, with a potential target of 179,280 points upon a breakthrough. Support levels are anticipated between 169,380 and 171,665 points.

According to JS Global, the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) both indicate a rising trend, suggesting a positive outlook for the market. Investors are advised to 'Buy on dips' with a recommended stoploss below 169,388 points. Support and resistance are currently at 171,663 and 175,309 points, respectively.

In specific stocks, International Steels Limited (ISL) is gaining momentum, with a strategy to 'Buy on dips,' targeting price points of Rs94.23 and Rs100.02, and a stoploss set at Rs85.00. Similarly, DG Khan Cement Company (DGKC) is expected to continue its upward trend, with targets of Rs204.99 and Rs211.35, and a stoploss at Rs196.66.