Pakistan’s stock market staged a sharp rebound on Thursday, with the KSE-100 Index surging as investor confidence improved following a temporary pause on US tariffs announced by President Donald Trump.
The benchmark index touched an intraday high of 117,484.16, gaining 3,331.01 points, or 2.92%, from the previous close of 114,153.15.
Even the session’s low, at 116,452.12, reflected a gain of over 2,298 points.
Global markets rallied after Trump offered a 90-day pause on tariffs imposed on most US trade partners. The move was seen as an opportunity for fresh negotiations, calming markets worldwide.
While Trump extended relief to several countries, he escalated tensions with China by hiking duties on Chinese exports to 125%.
However, Asian markets, including China’s, shrugged off the move, with the broader region welcoming the breathing space.
Wall Street’s overnight rally also added to the positive sentiment across Asian bourses, supporting the PSX’s sharp recovery.
The bounce came after the KSE-100 had fallen by over 1,300 points in the previous session amid rising global trade fears.
