Karachi, JS Securities Limited's latest technical outlook on the Pakistan market indicates a bullish trend for the KSE-100 index. After a brief hiatus, the KSE-100 index resumed its upward trajectory, closing at 50,365, marking an increase of 934 points day-on-day. Trading volumes were robust, recorded at 427 million shares compared to 333 million shares from the previous session.

Should this upward trend persist, JS Securities suggests the next benchmark for the index could be 51,528, with a potential extension to 52,460. However, should there be a decline, support levels are anticipated between 49,730 and 50,070. A dip below this could test the recent low of 49,384. With the current market dynamics, JS Securities recommends investors to "Buy on dips", emphasizing risk mitigation if the index drops below 49,384. The established support and resistance levels stand at 49,735 and 50,698, respectively.

Highlighting individual stocks, SNGP witnessed a key resistance breakout, with a strategy recommendation to 'Buy on dips' and targets set at Rs52.76 and Rs55.09, while maintaining a stoploss at Rs49.99. Similarly, ENGRO surpassed its 200-DMA, and JS Securities recommends 'Buy on dips' with targets at Rs285.52 and Rs297.09 and a stoploss positioned at Rs272.22.