Karachi: The KSE-100 index registered a significant rise, closing at 122,247, marking an increase of 6,079 points from the previous day. This growth was accompanied by a surge in trading volumes, which reached 805 million shares compared to 595 million in the previous session.

Analysts suggest that the index may revisit its previous high of 122,725. A break above this level could potentially target the 124,400 mark, with possibilities of reaching up to 126,718. Conversely, any decline is expected to find support between the 119,425 and 120,370 levels.

The Relative Strength Index and the Stochastic Oscillator have shown improvement, reinforcing a positive outlook for the market. Experts advise investors to adopt a 'buy on dips' strategy, with risk management defined below the 119,425 level. Current support and resistance levels are identified at 120,835 and 123,191, respectively.

In related developments, ISL closed above its 30-day moving average, with a recommended strategy of 'buy on dips' targeting Rs91.04 and Rs94.00, and a stop-loss at Rs83.80. Similarly, NETSOL has generated a buy signal, with targets set at Rs132.94 and Rs138.59, and a stop-loss at Rs123.00.

These insights are provided by JS Global, offering a detailed technical outlook for investors navigating the Pakistan market.