KARACHI: The KSE-100 index witnessed a significant upward movement, closing at 124,379, up by 2,333 points from the previous day. Trading volumes also saw an increase, with 773 million shares exchanged compared to 759 million shares the previous day.

The index appears poised to test resistance at Friday's high of 125,285. Analysts suggest that a break above this level could see targets of 126,718, followed by 129,274. Conversely, support is anticipated between 122,640 and 123,970.

Technical indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) have both trended upwards, reinforcing a positive outlook for the index. Investors are advised to 'Buy on dips', with a recommended stop-loss set below 122,222. The support and resistance levels are marked at 122,640 and 125,702, respectively.

In related market movements, DG Khan Cement Company (DGKC) is showing potential for upward movement. The suggested strategy is to 'Buy on dips', targeting Rs171.00 and Rs179.06, with a stop-loss at Rs164.17.

Similarly, Honda Atlas Cars (Pakistan) Limited (HCAR) maintains a recovery trend. The recommended strategy is also to 'Buy on dips', aiming for targets of Rs277.00 and Rs283.52, with a stop-loss at Rs272.50.

These insights and strategic recommendations were provided by JS Global, a leading name in financial services.