PSX Opens 3,000 Points Up After Trump’s 90-Day Tariff Pause

The KSE-100n index of the Pakistan Stock Exchange (PSX) opened 3,000 points up on Thursday, a positive change of roughly 3 percent, to rise to 117,095 in the first minute of live trade after Donald Trump announced a 90-day suspension of his tariff plan for all trade partners that have not taken retaliatory measures against the United States.. At 9:35 AM the benchmark index stood at 117,484, up 2.91 percent or 3,331 points. At 9:38 AM, KSE-100 stood at 116,729, up by 2.26 percent or 2,575 points. A total of 60,185,307 shares were traded in the first 5 minutes, whereas the price of shares stood at Rs. 3.627 billion. As many as 281 companies transacted their shares in the stock market, 258 of them recorded gains and 19 sustained losses, whereas the share price of 4 companies remained unchanged. The positive momentum was mainly driven by strong performances from PAEL, CNERGY, WTL, KEL, and MLCF. This is an intraday market update.