Karachi: The KSE-100 index in Pakistan demonstrated upward momentum, closing at 184,521 points, marking a 471-point gain from the previous day. Trade volumes increased slightly to 995 million shares from 941 million shares. The index is poised to test resistance at 185,891 points, with a potential breakthrough targeting the all-time high of 191,033 points. Downside support levels are identified between 183,200 and 184,215 points.

According to JS Global, technical indicators such as the RSI and MACD continue to rise, bolstering a positive market outlook. Investors are advised to 'Buy on dips', maintaining a stoploss below the 183,200 level. Current support and resistance levels are set at 183,860 and 185,536 points, respectively.

In specific stock movements, HBL is experiencing post-breakout consolidation, with a strategy recommendation of 'Buy on dips', targeting Rs312.39 and Rs316.70, and a stoploss at Rs300.38. HCAR is advised to 'Play the range', targeting Rs243.99 and Rs246.29, with a stoploss at Rs232.20.