KARACHI:

The Pakistan Stock Exchange (PSX) ended Friday's session with a spectacular rally as the benchmark KSE-100 index surged nearly 3,000 points to a historic high. The index settled above 162,250 after touching the intra-day peak of 162,422, the highest level in history.

Bulls dominated the session from the opening bell, fueled by aggressive buying in banking, exploration and production (E&P), fertiliser, and cement stocks. Investors shrugged off regional uncertainties and instead focused on strengthening domestic indicators and an upbeat corporate outlook, which helped sustain the momentum throughout the day.

"Sentiment remains buoyant amid a series of landmark developments, including the recently signed Pakistan-Saudi defence agreement," said Ahmed Sheraz of KTrade Securities.

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