KARACHI: The Pakis­tan Stock Exchange (PSX) ended the final session of the outgoing fiscal year on a bullish note, with the benchmark KSE-100 index soaring to a record high above 125,000 on Monday. The rally was driven by aggressive buying at attractive valuations and strong year-end fund flows.

Topline Securities Ltd reported that the index surged as much as 1,369 points during intraday trade before closing with a gain of 1,248.25 points, or 1pc, to settle at 125,627.31 — its highest-ever close.

Investor confidence was reinforced by China’s rollover and refinancing of $3.4bn in commercial

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