Karachi: The KSE-100 index experienced a significant rise, closing the session at 153,966 points, marking an increase of 1,226 points from the previous day. Trading volumes reached 375 million shares, up from 327 million shares in the prior session. The index is projected to test the resistance level at 158,526, corresponding to the 200-day moving average (DMA), with a potential to target the 30-DMA at 164,185 should it break above this resistance. Conversely, any decline could find support between the 150,870 and 152,420 levels.

According to JS Global, the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators have shown upward movement, indicating a positive recovery outlook. Investors are advised to adopt a 'Buy on dips' strategy, maintaining a stoploss below the 150,870 level, with support and resistance identified at 152,418 and 156,479 levels respectively.

In specific stock strategies, Pakistan Petroleum Limited (PPL) is recommended for a 'Buy on dips' approach, with targets set at Rs221.00 and Rs224.87, and a stoploss at Rs203.82. Similarly, Dera Ghazi Khan Cement (DGKC) is expected to recover, with a 'Buy on dips' strategy targeting Rs169.40 and Rs171.01, and a stoploss at Rs163.02.