Karachi: The KSE-100 index has resumed its upward trajectory, closing at 141,035 points, marking a notable increase of 1,645 points. This resurgence follows a brief period of consolidation and reflects a positive trend in the market.

Trading volumes reached 610 million shares, surpassing the previous day's 577 million shares. Market analysts suggest that if this upward momentum continues, the index could target 141,686 points, with potential to rise further to 144,242 points. Conversely, any downturn may find support between the 139,600-140,385 levels, with a fall below possibly triggering a corrective phase.

Technical indicators such as the Relative Strength Index (RSI) have strengthened, and the Moving Average Convergence Divergence (MACD) has shown an upward turn, underpinning a favorable market outlook. Investors are advised to 'Buy on dips,' with a stoploss set below the 138,958 mark. Support and resistance levels are currently positioned at 139,608 and 141,811, respectively.

In parallel, Sui Northern Gas Pipelines Limited (SNGP) demonstrated a bullish pattern, with strategies suggesting a 'Buy on dips' approach, targeting price points of Rs128.69 and Rs131.60, with a stoploss at Rs117.50.

Pakistan State Oil (PSO) also experienced a price breakout upwards. The recommended strategy for investors is 'Buy on dips,' aiming for Rs424.26 and Rs434.00, with a stoploss set at Rs391.05.

These developments were reported by JS Global, highlighting a potential growth trajectory in the Pakistani stock market amidst the current economic conditions.