PSX Soars 3,000 Points After Trump Tariff Twist
A positive trend in global markets and signs of tariff easing from US President Donald Trump have given new energy to stock markets around the world—and its echoes were also heard in Pakistan, where the Pakistan Stock Exchange delighted investors with a strong rally. As soon as trading began on Thursday morning, the KSE 100 index seemed to jump.
In the early hours alone, the index recorded a gain of 2,353 points, and it never touched a high of 117,484. Investors invested generously in the automobile, cement, banking, oil and gas, and power sectors. Index heavyweights—such as ARL, PSO, OGDC, PPL, and Hubco—continued to shine in the green.
All this came a day after the stock market fell 1,300 points on Wednesday on fears of a trade war.
However, Trump’s statement on temporarily easing tariffs imposed on dozens of countries restored investor confidence and created a positive trend in Asian markets, including Pakistan.
This rapid pace has breathed new life into the market and has once again given investors hope for a big return.
