The KSE-100 index of the Pakistan Stock Exchange saw a bullish trend on Friday, gaining 650 points to close at 114,398.69 levels.

The benchmark index saw 0.6% against the previous closing of 113,713.17 levels.

The PSX website reported that the highest benchmark index was hovering at 114,721.58 points and the lowest was at 114,169.19 points.

Buying activity was noted in key sectors such as commercial banks, fertiliser, oil and gas exploration companies, oil marketing companies (OMCs), power generation, and refineries.

The Pakistani rupee remained mostly stable against the US dollar, appreciating by 0.01% during the early hours of trading on Friday.

The positive trend is apparently fueled by investor anticipation of additional rate cuts from the central bank in its upcoming Monetary Policy Committee meeting set for Monday.

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On Thursday, Trump announced the suspension of the 25% tariffs he had recently imposed on most goods from Canada and Mexico until April 2, the date he threatened to implement a global system of reciprocal tariffs on all US trading partners.

MSCI’s broadest index of Asia-Pacific shares outside Japan was last seen down 0.5%, but it is set for a weekly gain exceeding 2.5%, marking its largest increase in nearly six months.

This rise was bolstered by a rally in Chinese shares, as investors continued to invest in artificial intelligence stocks and welcomed new policy support from Beijing.