Karachi: The KSE-100 index of Pakistan's stock market showed positive momentum as it gained 985 points to close at 143,037. The trading volume stood at 550 million shares, a decrease from the previous session's 666 million shares. Analysts predict further gains could target levels of 144,242 and potentially 146,061. Support levels are identified between 142,230 and 142,850 in case of a downturn.

Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) are reportedly moving upward, reinforcing a positive outlook. Investors are advised to remain cautious as the index approaches higher levels and to consider buying during market dips. Current support and resistance levels are established at 142,421 and 143,467, respectively.

In specific stock strategies, JS Global suggests a 'buy on dips' approach for Honda Atlas Cars (HCAR) with a target price range of Rs297.32 to Rs305.50 and a stop-loss set at Rs287.09. Likewise, Maple Leaf Cement Factory (MLCF) is advised for consolidation above its 30-day moving average, targeting Rs86.75 to Rs87.85, with a stop-loss at Rs83.66.