Karachi: The KSE-100 index concluded a positive session, moving up by 1,893 points to close at 90,860, although trading volumes were lower compared to the previous session. The market’s direction appeared mixed, with key resistance and support levels highlighted for investors.

According to JS Global, the KSE-100 index is approaching a critical juncture where it may encounter resistance between 91,350 and 91,880 points. A successful breach of these levels could set the stage for the index to target a new high of 93,843. Conversely, a fall below the support range of 89,430 to 90,280 could trigger a corrective trend. The firm’s analysis suggests a cautious approach, recommending investors to ‘buy on dips’ as the indicators present no clear directional bias.

Further technical insights from the same source highlighted the performance of individual stocks, such as Maple Leaf Cement Factory (MLCF), which is consolidating above its 200-day moving average with a buying strategy targeting Rs40.30 and Rs41.89, while maintaining a stop loss at Rs37.40. Similarly, Sui Northern Gas Pipelines (SNGP) has reached new recent highs, with advice also to ‘buy on dips’ targeting Rs85.75 and Rs87.15, and a stoploss set at Rs79.43.