The KSE-100 index demonstrated a positive performance, closing at 115,845 with a gain of 573 points. Trading volumes increased to 675 million shares from the previous session’s 550 million.

According to a statement by JS Global, the index is projected to revisit the previous day high of 116,276. A breakthrough above this level could potentially target the all-time high of 118,735.

On the downside, support is identified between 115,320 and 115,670. A drop below this support could see the index targeting the 30-day moving average (DMA) at 113,570. The Relative Strength Index (RSI) and the Stochastic Oscillator indicate a positive outlook for the market.

Investors are advised to adopt a ‘Buy on dips’ strategy, with a stop loss set below the 30-DMA. Current support and resistance levels are noted at 115,583 and 116,192, respectively.

In stock-specific movements, DG Khan Cement (DGKC) is on track to approach its recent high, with a recommended strategy of ‘Buy on dips’, aiming for targets of Rs111.97 and Rs116.09, and a stop loss at Rs104.90.

Meanwhile, Oil and Gas Development Company (OGDC) sees support at its 30-DMA with a similar ‘Buy on dips’ approach, targeting Rs225.85 and Rs228.75, with a stop loss at Rs219.31.