PSX Surges to Fresh All-Time High After Trade Deal With U.S.

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index continued with bullish trend on Friday, gaining 1,644 more points to close at 141,035 points against, a new all-time high. Brokerage house Topline Securities attributed this positivity in the market to news that Pakistan secured ‘landmark’ tariff deal with US, wherein Pakistan will now face reciprocal tariffs of 19 percent compared to earlier rate of 29 percent. Apart from this noise in the market that government will make payment to clear circular debt in coming weeks by obtaining Rs.1.25 trillion from banks, provided stimulus to the market. A total of 609,708,910 shares were traded during the day as compared to 577,348,593 shares the previous trading day, whereas the price of shares stood at Rs. 50.552 billion against Rs. 36.348 billion on the last trading day. As many as 483 companies transacted their shares in the stock market, 199 of them recorded gains and 246 sustained losses, whereas the share price of 38 companies remained unchanged.