Pakistan, July 26 -- Pakistan's long-dated dollar bonds rallied for a second day to hit fresh three-year highs on Friday, a day after S&P Global upgraded the country's sovereign credit rating.

The rating firm's one notch increase to 'B-' cited the International Monetary Fund's support in stabilising Pakistan's strained finances.

The 2031 and 2036 maturities both gained around 1.6 cents on Friday to bid at 93.85 cents and 87 cents respectively, lifting them to their highest levels since early 2022. Separately, the Pakistan Stock Exchange's (PSX) benchmark KSE-100 turned around to bullish trend on Friday, gaining 514.62 points, a positive change of 0.37 percent, closing at 139,207.29 8 points against 138,692.67 points last trading day.

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