Karachi: The KSE-100 index demonstrated an upward trend, closing at 155,512 points, marking an increase of 6,768 points on a day-over-day basis. The trading volume reached 671 million shares, up from 435 million shares previously. The index appears poised to challenge its recent high of 157,347 points, with a break above this level potentially setting a target of 159,420 points, corresponding to the 200-day moving average (DMA). Support levels are identified between 152,060 and 154,710 points.

According to JS Global, the Relative Strength Index (RSI) and the Stochastic Oscillator have shown upward movement, indicating a potential recovery trend. Investors are advised to exercise caution at higher levels and consider purchasing during market dips. The report specifies support and resistance levels at 152,067 and 158,152 points, respectively.

Additionally, the report provides specific strategies for individual stocks. For DG Khan Cement (DGKC), a 'buy on dips' strategy is recommended, with target prices set at Rs168.99 and Rs175.50, and a stop-loss at Rs156.00. For United Bank Limited (UBL), a buy signal has been generated, with target prices of Rs364.46 and Rs374.37, and a stop-loss at Rs337.00.