Karachi: The KSE-100 index closed at 168,460 points, marking a recovery with an increase of 2,593 points in the latest trading session. This movement comes as the market showed signs of consolidation below key averages, with trading volumes reaching 432 million shares, slightly down from the previous 442 million.

According to JS Research, if the upward trend continues, the KSE-100 index may initially target the 30-day moving average at 171,698 points, with a potential further rise to 172,381 points, the 200-day moving average. Conversely, the market may find support in the range between 166,530 and 167,580 points. Technical indicators such as the RSI and the Stochastic Oscillator have moved upward, suggesting a recovery. Investors are advised to 'buy on dips,' with risk management recommended below the 166,530-point level. The current support and resistance levels are 166,532 and 169,507 points, respectively.

In specific stock news, Pakistan Petroleum Limited (PPL) has closed above its 233-exponential moving average, with a recommended strategy of 'buy on dips,' targeting price levels of Rs225.13 and Rs227.81, and a stop loss at Rs216.48. Similarly, D.G. Khan Cement Company Limited (DGKC) has generated a buy signal via the Stochastic Oscillator, with a strategy to 'buy on dips,' targeting Rs190.48 and Rs195.42, with a stop loss at Rs182.52.