Islamabad, The Karachi Stock Exchange's KSE-100 Index displayed a robust bullish momentum today, gaining 524 points and closing at 71,433. Trading volume increased significantly compared to the previous session.

According to JS Global, the KSE-100 Index showed strong trading activity, with volumes reaching 655 million shares, up from 476 million shares previously. Technical analysis suggests the index may revisit and potentially break its recent high of 71,861, with targets subsequently set at 72,245 and 73,646. Support for any downward movement is expected between the 70,900 and 71,400 levels. Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are trending upwards, reinforcing the positive outlook.

Investors are advised to consider any pullbacks as buying opportunities, maintaining a stop loss below 70,882. The established support and resistance levels are currently pegged at 70,924 and 71,902, respectively.