Karachi: The KSE-100 index has achieved a new milestone by closing above the 83,000 mark, setting a record in its trading history. The bullish momentum is expected to carry the index to potential highs of 84,440 and possibly further to 85,870. Conversely, the index finds robust support at the recent low of 80,350, below which the bullish trend may temporarily pause.

According to JS Global, oil stocks are expected to be the center of attention in the market as many have reached new recent highs and successfully breached key resistance levels. Preferred stocks in the limelight include Oil and Gas Development Company (OGDC), Pakistan Oilfields Limited (POL), Pakistan Petroleum Limited (PPL), Pakistan State Oil (PSO), and Attock Petroleum Limited (APL), all of which are anticipated to continue their upward trajectory amid the market’s overall bullish trend.