Islamabad: The Pakistan Stock Exchange's benchmark KSE-100 index soared past the significant 150,000 threshold on Monday, closing just shy of the mark at 149,771, a substantial gain of 1,574 points. This impressive rally reflects continuing bullish sentiment in the market.

Trading volume surged to 809 million shares, significantly higher than the 610 million shares traded the previous day. Analysts predict the index may retest Monday's intraday high of 150,323. A decisive break above this level could propel the KSE-100 towards 151,859.

Despite the optimistic outlook, potential support levels are identified between 148,600 and 149,470 should the market experience a downturn. Both the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) indicators reinforce the positive trajectory.

Investors are advised to adopt a "buy on dips" approach, with a recommended stop-loss below 148,293. Key support and resistance levels are pegged at 148,602 and 150,631, respectively.

JS Global analysts also see potential in Bank of Punjab (BOP) and Honda Atlas Cars (HCAR) stocks, recommending a "buy on dips" strategy for both. For BOP, target prices are set at Rs14.98 and Rs15.71, with a stop-loss at Rs14.44. HCAR's target prices are Rs294.00 and Rs300.51, with a stop-loss at Rs286.80. HCAR is assessed as having limited downside risk.