Karachi: The Karachi Stock Exchange’s KSE-100 index reached a new milestone today, closing at an all-time high of 82,074, up by 615 points. The trading volume also saw an increase, with 482 million shares exchanged, marking a rise from the previous day’s 459 million.

According to JS Global, the KSE-100 index is showing a strong upward trajectory. The technical pattern reveals a consistent formation of higher highs and lower lows, suggesting a robust potential for further increases. Analysts have identified the next significant target for the index at 83,119, with prospects to extend even further to 83,849. Support levels are expected to stabilize between 81,520 and 81,950, providing a solid foundation for the ongoing bullish momentum.

Key indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are also trending upward, reinforcing the positive market sentiment. The advisory for investors is to ‘Buy on Dips’, maintaining a cautious approach with risk parameters set just below the 81,387 level. Notable levels to monitor in the upcoming sessions include a resistance point at 82,502 and support at 81,517.