Karachi: The KSE-100 index of the Pakistan Stock Exchange exhibited positive movement, closing at 157,132, marking an increase of 5,159 points day-on-day. The volume of shares traded was 771 million, slightly lower than the 810 million shares traded previously. The index has closed just above the 200-DMA, which is expected to offer support at 156,305. A fall below this level could re-test support at the previous day's low of 151,259. However, any upward movement is likely to face resistance in the 158,210-159,820 range, with a break above potentially targeting the 162,458 level.

According to JS Global, while the Relative Strength Index (RSI) has shown improvement, the Moving Average Convergence Divergence (MACD) is on a downward trend, indicating a lack of clear trading direction. Investors are advised to exercise caution at higher levels and consider waiting for price dips. Current support and resistance levels are noted at 152,855 and 159,813, respectively.

In the banking sector, Habib Bank Limited (HBL) is expected to consolidate above the 200-DMA, with a strategy to 'buy on dips' targeting Rs291.60 and Rs302.44, with a stop-loss at Rs272.15. Meanwhile, in the cement sector, D.G. Khan Cement Company (DGKC) has generated a buy signal on the RSI, with a similar 'buy on dips' strategy targeting Rs200.39 and Rs209.47, and a stop-loss positioned at Rs176.00.