Bulls returned to the Pakistan Stock Exchange (PSX) on Thursday, a day after US President Donald Trump announced a 90-day pause on most newly imposed “reciprocal” tariffs, reducing them to a baseline 10 percent temporarily.
The benchmark KSE-100 Index settled with a gain of 2,036 points to close at 116,190 points, up 1.75 percent over the previous closing.
A total of 638,089,718 shares were traded during the day as compared to 448,693,567 shares the previous trading day, whereas the price of shares stood at Rs. 36.92 billion against Rs. 26.585 billion on the last trading day.
As many as 450 companies transacted their shares in the stock market, 346 of them recorded gains and 63 sustained losses, whereas the share price of 41 companies remained unchanged.
Trump’s decision to pause tariffs also saw a historic surge in US stock markets on Wednesday. The Dow Jones Industrial Average soared by 2,962.86 points (7.9 percent) to close at an all-time high of 40,608.45, marking its largest single-day points increase. The S&P 500 and Nasdaq 100 also experienced significant gains of nearly 10 percent and over 12 percent, respectively.
Editorial & Legal Practice Group
Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.
Advocates High Court & Tax Counsel
Jurisdiction: Pakistan