Karachi: The KSE-100 index of the Pakistan Stock Exchange demonstrated a positive trajectory, closing at 165,686, marking an increase of 210 points. Trading volumes also saw an uptick, with 1,528 million shares exchanged compared to 1,180 million previously. The index is poised to test the resistance level of 167,562, with a potential breakthrough aiming for the all-time high of 169,989.

Market analysts indicate that any decline in the index may find support between the 164,000 and 164,850 levels. The Relative Strength Index (RSI) and the Stochastic Oscillator are both trending upwards, reinforcing the positive market outlook. Investors are advised to adopt a 'Buy on dips' strategy, maintaining a stoploss below 163,997. Key support and resistance levels are identified at 164,841 and 167,046, respectively.

In specific stock strategies, NETSOL is recommended for a 'Buy on dips' approach, with target prices set at Rs152.17 and Rs159.27, and a stoploss at Rs145.55. Similarly, ISL is projected to continue its steady recovery, with targets of Rs112.72 and Rs121.23, and a stoploss at Rs103.00.

These insights are provided by JS Global, offering a strategic perspective for investors navigating the current market conditions.