Karachi: The Karachi Stock Exchange's KSE-100 index reported a significant increase, closing at 161,632 after gaining 4,899 points on Friday. Trading volumes rose to 953 million shares, compared to 848 million shares in the previous session. Analysts expect the index to encounter resistance at the 30-day moving average (DMA), currently positioned at 163,318. A breakthrough could push the index further to 163,797 and 165,828 levels.

Despite the upward trend, the index may face support at the 50-DMA, set at 159,287. Technical indicators, such as the Relative Strength Index (RSI) and the Stochastic Oscillator, suggest a bullish momentum with a recommendation for investors to 'Buy on dips'. The support and resistance levels are identified at 159,153 and 163,152, respectively.

In other stock movements, International Steels Limited (ISL) has seen the RSI generate a 'Buy' signal. The advised strategy for ISL is to 'Buy on dips', with target prices of Rs103.90 and Rs110.45, and a stop-loss set at Rs93.69.

Similarly, Maple Leaf Cement Factory (MLCF) is anticipated to recover with a 'Buy on dips' strategy, targeting Rs97.02 and Rs101.02, and a stop-loss at Rs93.01.