KARACHI: The Pakistan Stock Exchange (PSX) closed the outgoing week on a bullish note, with the benchmark KSE-100 index surging 3.6 per cent week-on-week to settle at an all-time high of 124,379.06 points.

The rally was driven by investor optimism following a ceasefire agreement between Iran and Israel, which eased geopolitical concerns and spurred aggressive pre-fiscal year-end buying.

According to Topline Securities Ltd, the KSE-100 gained 4,355.83 points or 3.63pc during the week, supported by expectations of foreign inflows and reduced regional tensions. The market witnessed a sharp turnaround mid-week, with the index recording its second-largest single-day gain of 6,079 points (5.23pc day-on-day) after news of the ceasefire broke.

A major positive development came in the form of China’s reported willingness to reschedule $1.8bn in debt for two years. Meanwhile, the government raised Rs323bn in the latest T-bill auction out of a total participation of Rs2,299bn, with yields declining by 5-9 basis points. However, the State Bank of Pakistan’s........

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