Karachi: The Karachi Stock Exchange (KSE-100) index saw a continuation of its bullish momentum, closing with a gain of 1,018 points at 142,053. The trading volume reached 666 million shares, up from the previous 610 million. Analysts expect the index to test resistance at 142,323, with potential gains targeting 144,242. Any decline is expected to find support between 141,440 and 141,560 levels, with a break below possibly triggering a corrective trend. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) indicators are trending upward, reinforcing the positive outlook. Investors are advised to 'Buy on dips', maintaining a stoploss below the 141,440 level. The current support and resistance levels are identified at 141,554 and 142,437, respectively.

In individual stock movements, Sui Northern Gas Pipelines Limited (SNGP) is showing a pattern of higher highs and higher lows. The recommended strategy is to 'Buy on dips' with targets set at Rs122.81 and Rs126.00, and a stoploss at Rs117.26.

Meanwhile, Maple Leaf Cement Factory Limited (MLCF) closed above its 30-day moving average. The suggested approach remains 'Buy on dips', targeting Rs85.77 and Rs87.85, with a stoploss positioned at Rs83.64.

These insights were provided by JS Global, emphasizing strategic buying opportunities in the current market conditions.