The Pakistan Stock Exchange (PSX) witnessed a remarkable recovery following U.S. President Donald Trump’s announcement of a 90-day suspension of tariffs.
The KSE 100 Index surged nearly 3,000 points at the start of trading, reflecting improved sentiments in global markets. By 9:50 AM, the index had climbed to 116,507.03 points, marking a rise of 2,353.88 points, or 2.06%. The index later peaked at 117,484.16 points.
Investor interest was evident across various sectors, including automobile assembly, cement, banking, and energy. Prominent stocks such as ARL, HBL, PSO, and OGDC contributed to the upward momentum. Mohammad Suhail, CEO of Topline Securities, noted that the index reflected international market trends, gaining approximately 2.5%.
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This rebound comes after a challenging session the previous day, when trade war fears caused the index to drop by 1,379.28 points to close at 114,153.15. The tariff suspension also influenced Asian markets, with the Nikkei and European futures showing significant gains, while U.S. stock futures and the dollar lagged behind due to waning investor confidence.
