Karachi: The Karachi Stock Exchange's KSE-100 index exhibited range-bound activity, closing at a level of 169,704, marking an increase of 276 points from the previous day. The trading volume for the day was recorded at 772 million shares, slightly lower than the 791 million shares traded on the preceding day.

According to JS Research, the KSE-100 index is currently trading above the 30-day moving average (DMA), which is expected to provide support at the 168,452 level, with further support at the 200-DMA of 166,468. Upside movements are anticipated to encounter resistance between the 170,130 and 170,970 levels. A successful break above these levels could potentially target 174,172. The Relative Strength Index (RSI) and the Stochastic Oscillator have moved upwards, indicating a positive outlook. Investors are advised to 'buy on dips', with a recommended stop-loss set below the 30-DMA. The support and resistance levels are identified at 168,878 and 170,334, respectively.

In specific stock strategies, DG Khan Cement (DGKC) is expected to consolidate with a 'buy on dips' strategy, targeting prices of Rs198.07 and Rs202.75, with a stop-loss at Rs191.20. Similarly, Pakistan State Oil (PSO) is advised to be played within a range, with a 'buy on dips' approach targeting Rs356.22 and Rs359.20, and a stop-loss at Rs345.01.