Karachi: The KSE-100 index has recorded a significant gain, closing at 178,124 points, reflecting an increase of 2,838 points compared to the previous day. Trading volumes also rose to 737 million shares from 584 million. The index's movement above its 30-day moving average suggests potential for further advancements, with anticipated targets set at 180,738 and 182,482 points.

According to JS Global, while the market shows upward potential, any downturn is expected to find support between 175,670 and 177,840 points. Investors are advised to consider any declines as buying opportunities, with a risk threshold set below 175,672 points. Key support and resistance levels are identified at 176,387 and 179,146 points, respectively.

The press release also highlights specific strategies for Pakistan Petroleum Limited (PPL) and Habib Bank Limited (HBL). For PPL, recovery is anticipated with a 'buy on dips' strategy targeting Rs229.51 and Rs234.29, with a stop-loss set at Rs216.33. Similarly, HBL's support is noted at the 200-day moving average, with a 'buy on dips' strategy aiming for Rs313.84 and Rs324.25, and a stop-loss at Rs303.15.