Karachi: The KSE-100 index exhibited strong bullish momentum, advancing by 729 points day-over-day to close at 79,553. Trading volumes surged, reaching 413 million shares compared to 306 million in the previous session. The index now approaches its record intraday high, with potential targets significantly higher if current trends continue.

According to JS Global, the KSE-100 is on the brink of surpassing its all-time intraday peak of 80,060. A successful break above this level could set sights on subsequent targets at 80,638 and 82,329. Conversely, any pullbacks are expected to find robust support between 79,100 and 79,430. Indicators such as the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) both trend upwards, suggesting sustained positive momentum. Investors are advised to consider any dips in the market as buying opportunities, with a defined risk threshold below 78,979. Support and resistance levels are identified at 79,108 and 79,869, respectively.