Karachi: The KSE-100 index experienced a positive shift, gaining 409 points to close at 86,467. Trading volumes surged to 722 million shares, significantly higher than the previous session's 475 million shares. Analysts predict potential resistance between 86,840 and 86,940, with possibilities of reaching targets above 88,000 if these levels are surpassed.

According to JS Research, the recent market activity has shown a bullish trend with the index likely to encounter resistance soon. A break above the anticipated resistance could push the index towards higher targets of 88,116 and subsequently 88,846. Conversely, should the index fall, support is expected between 85,980 and 86,230, below which a corrective trend might be triggered. The technical indicators, including the RSI and Stochastic Oscillator, suggest a continued positive outlook. The recommended strategy remains 'Buy on dips', with a clearly defined risk level below 85,350.

The report further highlights individual stocks like HCAR and DGKC, noting that HCAR is trading above its key averages with a buying strategy aiming for targets of Rs277.23 and Rs286.00, and a stop loss at Rs261.93. Similarly, DGKC maintains an upside target with buy recommendations targeting Rs83.61 and Rs86.50, with a stop loss set at Rs78.35.