Karachi: The KSE-100 index has registered another significant gain, closing at 180,393 points, marking an increase of 3,353 points day-over-day. Trading volumes also rose to 1,224 million shares, up from 988 million shares in the previous session, indicating sustained investor interest in the market.

According to JS Global, the continuation of this upward trend could see the index reaching a target of 180,992, with a potential rise to 184,511. However, if the index experiences a decline, it is expected to find support between the 177,740 and 179,550 levels. A drop below this range could trigger a corrective trend. Technical indicators such as the RSI and MACD are currently supporting a positive outlook. Investors are advised to 'Buy on dips', with a recommended stoploss set below the 177,741 level. The current support and resistance levels are noted at 178,588 and 181,350, respectively.

In other market movements, Pakistan State Oil (PSO) is experiencing a gradual upward trajectory. The advised strategy for PSO is also 'Buy on dips', with target prices of Rs368.15 and Rs377.51, and a stoploss at Rs359.44. Similarly, Habib Bank Limited (HBL) has closed above its 200-day moving average, with a 'Buy on dips' strategy recommended, targeting Rs308.29 and Rs319.80, and a stoploss set at Rs296.00.