LONDON: Pakistan's international bonds extended their recent rally on Monday after the country's newly formed parliament elected Shehbaz Sharif on Sunday as prime minister for a second time following weeks of uncertainty after a hung election.

Pakistan’s sovereign dollar bonds rally ahead of Sunday’s election for prime minister

The 2031 bond chalked up the biggest gains, rising 1.5 cents at 72.86 cents - its strongest level since May 2022, Tradeweb data showed.