The Pakistan Stock Exchange witnessed a powerful rebound on Friday as the benchmark KSE-100 Index surged by 4,899 points, or 3.13%, to close at 161,632, marking the fourth-highest single-day gain in its history. The rally helped the index reclaim the 160,000 level after days of sustained selling pressure.

The rally was fueled by optimism following the ceasefire agreement between Pakistan and Afghanistan, brokered in Istanbul under the mediation of Turkey and Qatar, said Ali Najib, Deputy Head of Trading at Arif Habib Ltd. "The development revived investor confidence, easing geopolitical concerns that had weighed heavily on sentiment throughout the week."

Heavyweight stocks in banking, fertiliser, technology, and cement led the rally. Major gainers included UBL, MEBL, FFC, BAHL, HBL, SYS,

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