Karachi, The Karachi Stock Exchange's KSE-100 index has displayed a strong bullish momentum, gaining 661 points day-on-day to close at 68,417. This uptrend is accompanied by increased trading volumes, suggesting a robust investor confidence in the market's future performance. Analysts are optimistic about the index's potential to breach previous highs and continue its ascent, provided it surpasses the immediate resistance level identified in recent trading sessions.

According to JS Global, the surge in the KSE-100 index is backed by a significant increase in trading volumes, moving from 362 million shares to 389 million shares. Experts from JS Global believe that surpassing Thursday's peak of 68,439 points could trigger further gains, potentially reaching up to 69,165 and subsequently 70,201 points. Conversely, they anticipate any downward adjustments to find support within the 67,720 to 68,080 range. Indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) further bolster the optimistic outlook, showing trends that support continued positive momentum.

Investment strategies suggested by JS Global recommend seizing any dips in the index as buying opportunities, with a strict stop loss advised below 67,912 points to manage risks effectively. The established support and resistance levels stand at 68,073 and 68,600 points, respectively, guiding investors in their decision-making process.

This positive forecast for the KSE-100 index reflects a broader confidence in the market's direction, encouraging investors to remain engaged with the market while exercising due diligence in monitoring key technical indicators for the best outcomes.