Karachi: The KSE-100 index experienced an upward trend, closing at 169,043, marking an increase of 1,021 points from the previous day. Trading volumes also rose, with 386 million shares exchanged compared to 356 million the day before.

According to JS Global, the current pattern indicates that further consolidation is likely. The index finds support at 168,223, and a drop below this level could target the recent low of 166,141. Conversely, surpassing 169,577 could lead to gains towards the 200-Day Moving Average at 172,222. The Relative Strength Index and the Stochastic Oscillator suggest a recovery trend. Investors are advised to 'Buy' for trading gains, with risks defined below the 166,141 level. Support and resistance are noted at 168,319 and 169,672, respectively.

In related market activity, Sui Northern Gas Pipelines Limited (SNGP) showed a Buy signal on the RSI. The strategy recommended is 'Buy on dips' with targets set at Rs92.49 and Rs95.55, and a stop-loss at Rs89.35. Similarly, D.G. Khan Cement Company Limited (DGKC) is seeing positive indicator shifts, with a 'Buy on dips' strategy targeting Rs197.56 and Rs201.72, and a stop-loss at Rs189.20.