Karachi: The KSE-100 index in Pakistan demonstrated an upward movement, closing at 117,008, marking an increase of 1,881 points from the previous day. Despite the index's rise, trading volumes were lower, with 956 million shares exchanged compared to the earlier count of 1,237 million shares. The index is anticipated to face resistance at the 117,341 marks, and surpassing this level could initiate a new bullish phase with subsequent targets set at 119,738 and 122,758. Conversely, any decline is expected to be assessed between the 115,730 and 116,360 levels.

According to JS Global, the RSI and MACD indicators are trending upwards, supporting a favorable outlook. Investors are advised to 'Buy on dips', with risk parameters delineated below the 114,720 thresholds. The current support and resistance levels stand at 115,371 and 117,992, respectively. Additionally, strategies for individual stocks such as HCAR and MLCF are recommended, with 'Buy on dips' advice targeting specific price points and stop-loss levels.