Karachi: The KSE-100 index exhibited a significant increase, closing at 181,777, reflecting a rise of 1,762 points. Trading volumes increased from the previous session, reaching 793 million shares compared to 741 million. This upward momentum suggests a potential target of 183,634, with possibilities of extending to the 188,120-191,030 range, though support is noted at the 30-day moving average of 178,788.

According to JS Global, technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) have strengthened, supporting a positive outlook. Investors are advised to 'Buy on dips,' maintaining risk management strategies below the 30-day moving average. Key support and resistance levels are identified at 180,933 and 182,313, respectively.

In specific stocks, Maple Leaf Cement Factory (MLCF) and Habib Bank Limited (HBL) are both recommended for a 'Buy on dips' strategy. MLCF targets are set at Rs105.14 and Rs110.20, with a stop loss at Rs98.77. HBL is expected to continue a steady uptrend, with targets of Rs332.33 and Rs337.33, and a stop loss at Rs320.05.