Karachi: The KSE-100 index closed with a notable increase, reaching 111,351 points, marking a gain of 928 points from the previous day. Trading volumes also saw an uptick, with 816 million shares exchanged compared to the prior 628 million. The index is poised to test resistance levels, with further progress potentially targeting 115,036 points, while any declines are expected to find support within the 110,380-111,220 range.

According to JS Global, indicators are currently mixed, suggesting a phase of consolidation. Investors are advised to exercise caution at higher levels and consider buying during market dips. The support and resistance levels are identified at 110,384 and 112,181, respectively. Specific stock strategies include DGKC, with a 'buy on dips' approach targeting Rs101.70 and Rs107.81, and ISL, also recommended for 'buy on dips' with targets at Rs89.92 and Rs92.48.