KARACHI: The Pakistan Stock Exchange (PSX) witnessed a strong rebound on Thursday, with the benchmark KSE-100 Index surging by nearly 3,000 points during early trading, tracking gains in international markets.
At the closing bell, the index stood at 116,189.21, marking an increase of 2,036.06 points or 1.78%, after hitting an intra-day high of 117,484.16.
The rally came after US President Donald Trump announced a 90-day pause on trade tariffs for most countries, easing global trade tensions. However, new levies on China were also announced.
Buying was recorded across key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration, oil marketing companies, power generation, and refineries. Major stocks such as ARL, HUBCO, PSO, MARI, OGDC, PPL, and POL traded in the green.
“Following international markets trend… PSX opened up 3,000 pts close to 2.5%,” said Mohammed Sohail, CEO of Topline Securities.
The rise followed a dip in the previous session, when the KSE-100 Index fell 1,379.28 points (1.19%) to close at 114,153.15 due to investor concerns over the global trade environment.
