Karachi, The KSE-100 index is poised to continue its recent recovery, as it closed at 71,902, marking a significant gain of 1,244 points day-over-day. Trading volumes rose slightly to 452 million shares, up from 437 million in the previous session.

According to JS Global, the recovery is expected to push towards targets of 72,255 and 72,616. On the downside, the index will find support between 71,050 and 71,520, with further support at 70,562, where a drop would indicate a resumption of the downward trend. Technical indicators such as the Relative Strength Index (RSI) show improvement, however, the Moving Average Convergence Divergence (MACD) trends downward, presenting a mixed trading outlook. JS Global advises investors to maintain a selling stance if the index falls below the recent high of 73,301. The noted support and resistance levels stand at 71,054 and 72,368 respectively.