Karachi: The KSE-100 index concluded another session within a defined trading range, closing at 180,502 points, marking an increase of 398 points. Trading volumes rose to 1,048 million shares compared to the previous session's 891 million shares. Market analysts anticipate the index testing resistance levels between 181,150 and 182,350, with potential gains extending to 183,634 and an all-time high of 191,033. Conversely, support is expected at the 30-day moving average (DMA) of 178,497, with a potential decline targeting 177,880 at the 50-DMA.

According to JS Global, the recommendation for investors is to 'Buy on dips,' with risk management advised below the 30-DMA. Current support and resistance levels are noted at 180,136 and 181,014, respectively. In related stock movements, ISL closed above the 200-DMA, with a strategy to 'Buy on dips' targeting Rs95.85 and Rs100.49, and a stop-loss set at Rs90.01. Meanwhile, PPL is gaining momentum with a similar 'Buy on dips' strategy, targeting Rs244.81 and Rs254.49, and a stop-loss at Rs230.51.