Karachi: The stock market witnessed continued upward momentum as the KSE-100 index hit a new record, closing at 82,722, an increase of 755 points. Major companies listed revealed specific strategies aimed at capitalizing on this bullish trend. The market volume slightly decreased from the previous session, totaling 320 million shares traded.

According to JS Global, “Bullish momentum is anticipated to persist with the KSE-100 aiming for initial and subsequent targets of 83,849 and 84,484 points, respectively. Support levels are identified between 82,150 and 82,550. Positive trends in RSI and MACD indicators support the optimistic market outlook. Investors are advised to view any market dips as buying opportunities, maintaining a stop-loss below 81,982.”

Strategies for prominent stocks such as OGDC and PSO were highlighted, focusing on buying during dips with clear target prices and stop-loss levels. OGDC aims for target prices of Rs152.28 and Rs154.92 with a stop-loss at Rs147.90. Similarly, PSO targets Rs170.79 and Rs176.15, with a stop-loss set at Rs165.00.

These strategic insights aim to guide investors through the market’s current conditions, providing a clear approach to navigating the highs and potential lows of the market dynamics.