Karachi: The KSE-100 index is expected to continue its range-bound trading pattern, as it has recently posted gains, closing at 78,261 points—an increase of 515 points. The trading volume has also seen a significant rise, with figures reaching 553 million shares, up from 381 million.

According to JS Global, the KSE-100 index has maintained a positive trajectory, closing above its 50-day moving average. Analysts are targeting the 30-day moving average at 78,751 points. However, there is anticipated support in the 77,960 to 78,090 point range, with potential declines targeting the 76,943 level if these supports are breached. Indicators like the Relative Strength Index and the Stochastic Oscillator are showing improvements, which could suggest a continued positive trend. Investors are advised to exercise caution at higher levels and to capitalize on any dips in the market. The established support and resistance levels to watch are 78,000 and 78,489 points, respectively.