Karachi: The KSE-100 index has shown signs of a steady recovery, gaining 574 points to close at 114,804, according to the latest market data. Trading volumes increased, with 589 million shares exchanged compared to the 521 million shares traded previously, indicating renewed investor interest.

According to a statement by JS Global, the index's formation of higher highs and higher lows suggests potential for further upward movement. Initial resistance is anticipated within the 115,050-115,370 range, and surpassing this could push the index toward the all-time high of 118,735. On the downside, support is expected between 113,350 and 114,080 levels.

Technical indicators such as the RSI and the Stochastic Oscillator have shown improvement, reinforcing an optimistic market outlook. Investors are advised to 'Buy on dips', with a recommended stop loss below the 113,084 level. Current support and resistance levels are noted at 114,079 and 115,287, respectively.

In other market updates, DGKC closed above the 30-day moving average, with a suggested 'Buy on dips' strategy targeting Rs105.30 and Rs111.97, and a stop loss at Rs101.09. Meanwhile, PSO has seen a Buy signal generated by the Commodity Channel Index (CCI), with targets set at Rs406.41 and Rs415.50, and a stop loss at Rs393.10.