Karachi: The KSE-100 index exhibited a notable positive trajectory on Friday, closing at 148,618 points, marking an increase of 1,274 points day-on-day. Trading volumes also surged, reaching 1,342 million shares, up from 935 million shares previously.

Analysts project that the index may revisit its recent high of 149,235. A break past this level could signal a continuation of the upward trend, with 149,714 and 151,262 identified as subsequent targets. Conversely, support levels are anticipated between 147,650 and 148,450 points.

Both the Relative Strength Index (RSI) and the Stochastic Oscillator have risen, indicating potential for continued positive movement. Investors are advised to 'Buy on dips,' while maintaining a stop-loss below 147,488 points. Current support and resistance levels stand at 147,659 and 149,405, respectively.

In company-specific news, Pakistan Petroleum Limited (PPL) presents limited downside risk with a strategy to 'Buy on dips,' targeting Rs181.98 and Rs184.65, and a stop-loss at Rs174.32. Additionally, Habib Bank Limited (HBL) has seen a Buy signal from the Stochastic Oscillator, with targets set at Rs259.87 and Rs263.25, and a stop-loss at Rs248.81.

The data and strategies were provided by JS Global, indicating a cautiously optimistic outlook for the market.