Karachi, The Karachi Stock Exchange (KSE-100) index is expected to face a temporary halt in its recent bullish momentum, as per the latest analysis from JS Research. After reaching a high of 57,751, the KSE-100 index closed at 57,063, marking a decrease of 334 points.

According to JS Research reports that the KSE-100 index is likely to test support at the recent low of 56,977, with potential further declines targeting 55,108 and 53,476. On the other hand, any upward movement will face resistance in the range of 57,260 to 57,550. Technical indicators such as the Stochastic Oscillator and the RSI are showing signs of weakness, suggesting a corrective trend ahead. Investors are advised to remain cautious at current levels.

In individual stock recommendations, JS Research suggests a 'Buy on dips' strategy for PPL, targeting Rs95.49 and Rs100.74, with a stop-loss at Rs91.00. For SNGP, the recommendation is also 'Buy on dips', targeting Rs62.61 and Rs64.94, with a stop-loss at Rs55.71.