Karachi: The KSE-100 index in Pakistan's stock market experienced a significant boost, closing at 172,013 after gaining 3,995 points. Trading volumes also surged, with 842 million shares traded, compared to 517 million previously.

According to JS Research, the index is poised to test resistance at 172,287, with potential targets of 172,762 and 177,160 if it breaks above that level. Conversely, support is seen at 171,278, with further decline possible to 169,228. Technical indicators like the RSI and MACD suggest a positive trend, prompting recommendations for investors to 'Buy on dips' with risk managed below the 200-DMA. The support and resistance levels are marked at 169,484 and 173,415, respectively.

For UBL, a strategy of 'Buy on dips' is advised, targeting Rs428.40 and Rs433.00, with a stoploss at Rs414.49. Similarly, for MLCF, the recommendation is to 'Buy on dips' with targets of Rs101.18 and Rs105.45, and a stoploss at Rs94.69. The analysis and strategies are sourced from JS Global.