Karachi: The KSE-100 index experienced a strong uptrend, closing with a notable increase of 10,123 points, reaching 117,298. This session saw increased activity with trading volumes rising to 733 million shares, a significant jump from the previous session's 516 million shares.

The index's performance was bolstered by closing above the 30-day and 50-day moving averages, setting a support base at 115,119 and 115,043, respectively. Analysts suggest that surpassing the previous high of 117,328 could pave the way to the all-time high of 120,797.

Technical indicators like the RSI and MACD have shown improvement, reinforcing a positive outlook. Investors are advised to adopt a 'Buy on dips' strategy, with risk management below the 50-day moving average. The immediate support and resistance levels are pegged at 116,285 and 117,819, respectively.

In stock-specific movements, Pakistan State Oil (PSO) is expected to continue its recovery, with a recommended strategy of 'Buy on dips', targeting prices of Rs376.75 and Rs380.10, and a stoploss set at Rs347.98. Similarly, Attock Refinery Limited (ATRL) closed above its 200-day moving average, with targets of Rs539.95 and Rs570.62, and a stoploss at Rs513.51.