Karachi: The KSE-100 index showed a continued recovery, closing at 166,186, marking an increase of 769 points. Trade volumes were at 518 million shares, slightly down from the 586 million shares traded previously. The index is anticipated to test resistance at 166,877, with potential targets set at 167,385 and 169,438. Any decline might find support between the levels of 164,960 and 165,610, with a fall below these levels possibly indicating a resumption of the downtrend.

According to JS Global, the Relative Strength Index (RSI) and the Stochastic Oscillator have risen, supporting the view of a recovery. Investors are advised to adopt a 'Buy on dips' strategy, with risk management below the 165,613 level. Current support and resistance are noted at 165,574 and 166,838, respectively. In terms of specific stock strategies, PSO is projected to continue its upward trend with a 'Buy on dips' strategy, targeting Rs368.89 and Rs378.60, with a stop-loss at Rs359.10. Similarly, for DGKC, a pullback is likely with targets set at Rs186.10 and Rs190.39, and a stop-loss at Rs179.15.