Pakistan, Jan. 24 -- Pakistan equities continued to rally on Wednesday with KSE-100 Index rising by 155 points to 40,058 on optimism over expected incentives to be offered in budget particularly for the stock market.

The index opened higher and continued on an upward trajectory, making a high of +296 points, to finally close at 40,058 levels.

The State Bank of Pakistan (SBP) signed an agreement with Abu Dhabi Fund for Development (ADFD) for $3 billion to be deposited in the SBP account. Banking space witnessed heavy volumes in the day's trading session where HBL (+2.2%), UBL (+1.2%), NBP (+0.5%) and MCB (+0.3%) cumulatively contributed +72 points to the index.

Investors interest was witnessed in the auto sector where HCAR (+5.0%), PSMC...