Islamabad: The Pakistan Stock Exchange's benchmark KSE-100 index continued its upward trajectory, closing at 156,564 points, a gain of 476 points. Trading activity saw 1,068 million shares change hands, slightly lower than the previous day's 1,126 million. Analysts predict the index will challenge the resistance level of 157,089, with a potential surge towards 157,818 if this barrier is breached.

Support for the index is anticipated between 155,370 and 156,240. Technical indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are both exhibiting upward trends, reinforcing the optimistic outlook. Experts advise a "buy on dips" approach, setting a stop-loss below 155,044. Further support and resistance are pegged at 155,375 and 157,420, respectively.

Pakistan Petroleum Limited (PPL) is also showing signs of potential growth. Analysts suggest a "buy on dips" tactic, targeting price objectives of Rs197.66 and Rs200.25, with a stop-loss set at Rs188.60.

Sui Northern Gas Pipelines Limited (SNGP) is experiencing consolidation after a recent breakout. A "buy on dips" approach is recommended here as well, aiming for Rs135.89 and Rs140.75, with a stop-loss at Rs129.20.