Karachi: The KSE-100 index in Pakistan witnessed a significant increase, closing at 176,355 points, marking an upswing of 2,301 points. Trading volumes also saw a rise, with 1,403 million shares exchanged compared to 957 million shares previously.

Analysts suggest that the KSE-100 index might revisit its recent high of 176,658 points, with a potential to continue its upward trajectory towards the 180,500 level. However, they caution that any downward trend could find support between 174,430 and 175,820 points.

Technical indicators, such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD), have shown upward movement, supporting a positive outlook. The recommendation for investors is to adopt a 'Buy on dips' strategy, with risk management below the 174,437 point level. The current support and resistance levels are at 174,976 and 177,197 points, respectively.

In specific stock movements, Oil and Gas Development Company Limited (OGDC) is moving towards its recent high, with a strategy to 'Buy on dips', targeting Rs290.00 and Rs297.10, and a stop loss set at Rs281.20.

Similarly, Habib Bank Limited (HBL) is gaining momentum, with a 'Buy on dips' strategy recommended, targeting Rs335.69 and Rs342.61, and a stop loss at Rs322.00.

These insights are based on analysis from JS Global, indicating a favorable market outlook for investors.