Karachi: The KSE-100 Index demonstrated a significant recovery, closing at 107,175 after hitting a low of 102,421. This gain of 3,648 points day-over-day indicates a positive shift in market sentiment. With trading volumes at 516 million shares, down from 654 million previously, the index is poised to retest its recent high of 107,541. A successful breakout above this level could elevate it to targets of 108,329 and potentially 110,408.

Market analysts suggest that any potential decline could find support between 103,880 and 105,720, with a further drop potentially revisiting the low of 101,599. Investors are advised to 'Buy' for trading gains, maintaining risk below the 102,421 mark. Immediate support and resistance levels are identified at 103,883 and 109,003, respectively.

In the energy sector, PSO is projected to recover. The recommended strategy is to 'Buy on dips,' aiming for price targets of Rs335.10 and Rs343.38, with a stop-loss set at Rs321.61.

Similarly, ATRL has seen a positive signal from the Stochastic Oscillator, prompting a 'Buy on dips' strategy. Price targets are set at Rs490.31 and Rs512.14, with a stop-loss at Rs456.88.

These insights are provided by JS Global, offering strategic recommendations for investors navigating the current market conditions.