KARACHI: The KSE-100 index exhibited bullish momentum, gaining 1,262 points to close at 131,949. Trading volumes were recorded at 733 million shares, a decrease from the previous 900 million shares. Market analysts anticipate a retest of the recent high of 132,130. A breakthrough above this level could see the index reaching targets of 133,412, with further potential toward 135,232.

Support levels for the index are identified between 130,710 and 131,600. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators both continue to rise, supporting a positive market outlook. Investors are advised to 'Buy on dips,' with risk management recommended below 130,716. Immediate support and resistance are noted at 131,067 and 132,480, respectively.

In sector-specific insights, ISL shows a positive trend with a strategy of 'Buy on dips,' targeting Rs100.93 and Rs104.89, with a stop-loss at Rs94.17. Similarly, NETSOL may resume its uptrend, with a 'Buy on dips' strategy targeting Rs161.42 and Rs165.52, and a stop-loss at Rs154.23.

The analysis and recommendations are provided by JS Global.