Islamabad: The KSE-100 index demonstrated modest gains in its latest session, closing higher amidst a backdrop of decreasing trading volumes but maintaining a stable position above critical support levels.

According to JS Global, “The index added 158 points to close at 79,491. Although trading volumes dipped to 536 million shares from 916 million in the previous session, the market dynamics suggest a consolidation phase with the index firmly above its 50-day moving average (DMA) of 78,795.” Technical resistance is expected between 79,620 and 80,020, with potential upward movements targeting 80,871 if these levels are surpassed.

Investors are advised to ‘Buy on dips’, keeping an eye on key technical indicators like the RSI and MACD, which indicate an upward trend. The recommended strategy emphasizes risk management, particularly with respect to maintaining positions above the 50-DMA to capitalize on potential market gains.