Karachi: The KSE-100 index has exhibited a positive trend, closing at 154,292 points, marking an increase of 4,276 points from the previous day. Trading volumes surged to 397 million shares, compared to 260 million shares traded earlier. According to JS Global, the index is anticipated to encounter resistance at the 154,685 level, which was the high reached yesterday. A break above this level is expected to target the 200-day moving average at 158,210 points. Conversely, any potential decline is projected to find support between the 151,490 and 153,090 levels.

The Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) have both moved upwards, supporting a positive outlook for the market. Investors are advised to 'buy on dips,' with a risk management strategy set below the 150,284 level. The defined support and resistance levels are at 151,490 and 155,890 points, respectively.

In specific stock movements, Pakistan Petroleum Limited (PPL) shows potential for an upward trend, with a recommended strategy of 'buy on dips' targeting Rs224.40 and Rs234.33, with a stop-loss at Rs205.50. Similarly, Maple Leaf Cement Factory (MLCF) is also showing positive indicators, with a suggested 'buy on dips' strategy targeting Rs88.88 and Rs92.92, and a stop-loss set at Rs79.30.