Karachi: In a volatile trading session, the KSE-100 index closed significantly higher at 87,195, marking an increase of 728 points from the previous day’s trading. The total volume of shares traded was 699 million, slightly down from 722 million in the prior session.

According to JS Global, the KSE-100 index may continue its upward trajectory, with an initial target set at 88,116, potentially rising further to 88,846. On the downside, the index could find support between 86,280 and 86,550. A fall below these levels might trigger a corrective trend. Technical indicators such as the Relative Strength Index (RSI) and the Stochastic Oscillator are trending upwards, reinforcing the positive outlook for the market. Investors are advised to “Buy on dips,” maintaining a stop-loss below 86,284. The noted support and resistance levels for the session were at 86,549 and 87,574, respectively.

In related developments, Oil and Gas Development Company (OGDC) and D.G. Khan Cement (DGKC) also showed positive momentum. OGDC’s stock is gradually moving up, with a buying strategy targeting Rs 172.72 and Rs 175.10, and a stop-loss set at Rs 166.06. Similarly, DGKC is expected to continue its upward trend, targeting Rs 86.50 and Rs 89.69, with a stop-loss at Rs 80.53.