Karachi: The KSE-100 index saw an upward movement, closing at 178,200 points, marking a rise of 2,106 points day-over-day, with a trading volume of 785 million shares. This performance comes as the index remains within a range defined by its 50-day moving average at 175,865 points and its 30-day moving average at 178,661 points, indicating the need for a decisive break for future directional movement.

According to JS Global, momentum indicators are currently mixed, offering no clear trading direction. Investors are advised to exercise caution amid these conditions and consider waiting for market dips before making moves. The index's support and resistance levels are identified at 177,645 and 178,870 points, respectively. In other market movements, Sui Northern Gas Pipelines (SNGP) is suggested as a 'buy on dips' with targets of Rs107.48 and Rs109.37, while Habib Bank Limited (HBL) is also recommended for purchase on declines, targeting Rs311.17 and Rs316.92.