Islamabad: The Pakistan Stock Exchange's benchmark KSE-100 index surged 820 points to close at 150,591, signaling a continuation of its upward trajectory. Trading volume reached 668 million shares, slightly lower than the previous session's 809 million.

Analysts predict the index may retest yesterday's high of 151,262. A breach of this level could propel the KSE-100 towards 151,859. However, potential support levels are identified between 149,265 and 149,930. Positive indicators like the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) further reinforce the optimistic outlook. Experts advise investors to adopt a "buy on dips" approach with a stop-loss set below 149,265. The immediate support and resistance levels are situated at 149,928 and 151,258, respectively.

For Pakistan State Oil (PSO), the downside risk appears limited. A "buy on dips" strategy is recommended, targeting Rs403.02 and Rs407.99, with a stop-loss at Rs393.98. Honda Atlas Cars (HCAR) is anticipated to remain range-bound. Investors are advised to "buy on dips," aiming for Rs295.67 and Rs300.51, with a stop-loss placed at Rs286.86.