Karachi: The Karachi Stock Exchange (KSE-100) Index continues its upward trajectory, registering a significant gain of 1,004 points to close at an impressive 150,975. This robust performance sets the stage for the index to challenge its all-time intraday high, with the potential to test resistance at the 151,262 mark. A breakthrough at this level could propel the index further towards targets of 152,810 and 153,766.

Trading activity, although slightly reduced from the previous session, remained robust with volumes recorded at 1,081 million shares, compared to 1,183 million previously. Technical indicators such as the Relative Strength Index (RSI) and the Stochastic Oscillator are exhibiting upward trends, reinforcing a favorable market outlook.

Investors are advised to adopt a 'Buy on dips' strategy, with risk parameters set below the critical support level of 150,081. Current support is identified between 150,340 and 150,710, while resistance is firmly located at 150,346 and 151,340.

In the broader market, Pakistan Petroleum Limited (PPL) and Habib Bank Limited (HBL) are notable mentions. PPL presents limited downside risk with a 'Buy on dips' approach targeting Rs181.00 and Rs184.65, while maintaining a stoploss at Rs174.58. HBL continues to demonstrate a recovery trend, also recommended for 'Buy on dips' with targets of Rs263.00 and Rs272.54, and a stoploss set at Rs257.00.

The market's current momentum and the technical indicators suggest a watchful eye on the resistance levels as the KSE-100 approaches its historical peaks. Investors are urged to remain cautious yet optimistic, as the evolving dynamics could offer lucrative opportunities amidst the volatility.