Karachi: The KSE-100 index exhibited a positive trend, closing at 162,803 points, marking an increase of 1,171 points. Trading volumes reached 949 million shares, slightly down from the previous 953 million. Analysts anticipate resistance for the index between 163,490 and 163,940 points. A breakthrough beyond this range could propel the index towards 165,828 and 168,414 points. On the downside, support is expected between 160,830 and 161,900 points.

The Relative Strength Index and Stochastic Oscillator indicate an upward movement, reinforcing a positive outlook. Market experts suggest a 'Buy on dips' strategy, with risk management advised below the 50-Day Moving Average at 159,566 points. Support and resistance levels are identified at 161,819 and 163,861 points, respectively.

In related market movements, NETSOL Technologies shows signs of bottoming out, with potential recovery expected. The proposed strategy is 'Buy on dips', targeting price points of Rs138.04 and Rs142.95, with a stop-loss at Rs130.10.

Similarly, Maple Leaf Cement Factory (MLCF) maintains its recovery trend. The recommended strategy remains 'Buy on dips', aiming for Rs98.02 and Rs102.75, with a stop-loss set at Rs93.01. The market analysis and recommendations were provided by JS Global.