According to Topline Securities, the rally was fuelled by growing investor confidence after both countries reached a truce in Doha, Qatar.

The accord, emphasising mutual respect for sovereignty and territorial integrity, was welcomed by investors as a sign of improving regional stability and potential economic cooperation.

Banking heavyweights led the rally, with HBL, UBL, BOP, NBP, and AKBL collectively contributing nearly 1,000 points to the index.

Strong buying in banking and energy sectors led the rally, lifting overall market sentiment.

Broader market sentiment remained buoyant throughout the session, as investors poured into equities across multiple sectors.

Trading volumes soared to 1.47 billion shares, with a turnover of Rs51.8 billion. K-Electric (KEL) emerged as the volume leader with 229 million shares traded.