Karachi: The KSE-100 index experienced a notable increase, closing at 180,015 points, up by 2,932 points from the previous day, with a trading volume of 741 million shares. This development marks a positive shift as the index surpassed the 30-day moving average (DMA), which stands at 178,652 points. Analysts suggest that a fall below this level might target the 50-DMA at 176,452, while resistance could be encountered at 180,202 points, with potential upward targets of 181,911 and 183,634 points.

According to JS Global, the recommendation for investors is to 'Buy on dips', with risk management defined below the 30-DMA. The support level is identified at 178,950 points, while resistance is at 180,640 points. In specific stock movements, Pakistan State Oil (PSO) is in a post-breakout consolidation phase, with a strategy advised to 'Buy on dips', targeting prices of Rs362.70 and Rs371.00, and a stop-loss at Rs347.75. Habib Bank Limited (HBL) is also picking up momentum, with a similar 'Buy on dips' strategy targeting Rs332.33 and Rs337.33, and a stop-loss at Rs309.03.