The Pakistan Stock Exchange (PSX) continued its remarkable rally on Thursday, with the benchmark KSE-100 index soaring to an all-time high, closing just shy of the 120,000 mark at 119,962 points. The index gained 1,425 points, or 1.19 percent, bouncing back strongly after a minor dip on Wednesday.

The renewed buying momentum follows a historic week for the market. After a ceasefire agreement between Pakistan and India over the weekend, the PSX surged by a record 10,123 points on Monday and added another 1,278 points on Tuesday. Although the index slipped by 39 points on Wednesday, Thursday’s robust performance has further cemented the week’s extraordinary gains.

Investor sentiment was also buoyed by positive economic news, as Pakistan received a second tranche of $1.023 billion from the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) program on Wednesday.

Trading activity remained strong, with nearly 699 million shares changing hands, up from 609 million shares in the previous session. The total value of shares traded stood at Rs. 39.09 billion, slightly lower than the Rs. 41.91 billion recorded a day earlier.

Out of 457 companies that traded on Thursday, 311 posted gains, 107 saw losses, and 39 remained unchanged.