Pakistan, June 3 -- Karachi - The Pakistan Stock Exchange (PSX) ended Tuesday on a bullish note, with the KSE-100 Index surging by 1,573 points to close at a historic high of 120,450. This sharp rise marks the highest-ever closing for the benchmark index.

The rally followed a drop on Monday when the market fell 813 points, ending at 118,877, as investors booked profits ahead of key announcements. However, Tuesday's dramatic recovery was fueled by growing investor confidence in the upcoming federal budget, expected to be unveiled on June 13.

Analysts say the rally was supported by institutional buying across major sectors like commercial banking, energy, cement, and fertilizers. Speculation around tax reliefs, privatization plans, and po...