Karachi: The KSE-100 index experienced a rise of 955 points, closing at a level of 163,949, with trading volumes reaching 697 million shares, a decrease from the 837 million shares traded previously. The index's close above the 200-day moving average suggests a restriction of downside risk, with support levels identified at 163,330 and 160,707. Resistance levels are noted at 167,245, with further gains targeting 172,108.

According to JS Global, the technical indicators such as the RSI have improved, whereas the MACD suggests an unclear trading view. Investors are advised to exercise caution and consider buying on market dips. The support and resistance levels are set at 162,496 and 166,324, respectively. For specific stocks, SNGP is recommended with a target of Rs100.90 and Rs103.22, with a stop loss at Rs95.88, while OGDC is suggested with targets of Rs312.96 and Rs316.72, and a stop loss at Rs304.20.