Karachi: The KSE-100 index demonstrated a robust upward movement, closing at the 78,828 level, marking an increase of 798 points. This positive trend is anticipated to continue with potential to breach recent highs, as the market shows signs of sustained growth and investor optimism.

According to JS Global, the KSE-100 index is poised for further gains after revisiting the recent high of 79,056. A successful break above this level could propel the index towards the next targets at 79,457 and 80,405. Conversely, should there be any retracement, the index is well-supported by the 30-day moving average at 78,760 and further at 78,016. Enhancements in the Stochastic Oscillator and the Relative Strength Index (RSI) underpin the positive outlook, suggesting that any dips in the market should be considered buying opportunities, with defined risks below 78,016. Resistance and support are currently pegged at 79,250 and 78,210 respectively.