In response to US President Donald Trump’s announcement of a temporary 90-day tariff suspension, a positive trend was observed in the global markets as well as the Pakistan Stock Exchange (PSX), where the KSE-100 index initially surged by nearly 3,000 points.

By the end of the day, the index closed with a slight decline, showing an increase of 2,036 points to reach 116,189 points.

In response to US President Donald Trump’s announcement of a temporary 90-day tariff suspension, the Pakistan Stock Exchange (PSX) saw a significant rebound, with the KSE 100 Index climbing by nearly 3,000 points at the start of trading, reflecting positive trends in global markets.**

By approximately 9:50am, the index reached 116,507.03 points, marking an increase of 2,353.88 points, or 2.06%. Throughout the day, the index peaked at a high of 117,484.16 points, on Thursday.

Investor activity was robust across various sectors, particularly in the automobile assembly, cement, commercial banking, oil and gas exploration, OMCs, power generation, and refining sectors. Key stocks within the index, including ARL, HBL, PSO, Mari, OGDC, PPL, and POL, maintained their upward trajectory.

CEO of Topline Securities, commented in a report, Mohammad Suhail, “The KSE 100 Index has surged by 3,000 points, approximately 2.5%, reflecting the prevailing trends in the international markets.”

In contrast, the PSX had faced selling pressure the previous day due to apprehensions surrounding the global trade war, resulting in the KSE 100 Index closing at 114,153.15 points, down by 1,379.28 points, or 1.19%.

On a broader scale, Asian markets also registered gains, stabilizing after U.S. President Donald Trump announced a temporary reduction in heavy tariffs imposed on several countries.

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Selling pressure hits PSX as KSE-100 index plummets nearly 1,200 points

[Global markets tumble as rising tariff tensions weigh on sentiment, oil prices plunge amid recession fears][2]

[Shares at PSX’s benchmark index lose over 200 points in intraday update][3]

[2]:Global markets tumble as rising tariff tensions weigh on sentiment, oil prices plunge amid recession fears [3]:https://english.aaj.tv/news/330401140/shares-at-psxs-benchmark-index-lose-over-200-points-in-intraday-update

Trump’s unexpected decision on Wednesday to suspend his new tariffs for 90 days led to a recovery in global stock markets following a previous day’s drop.

However, U.S. stock futures and the dollar did not join this recovery, as investor confidence in the U.S. administration appears to be declining.

The Nikkei and European futures showed strong performance during the positive trend in Asia, with Nikkei rising by 8%, Euro Stoxx 50 and DAX futures climbing by approximately 8%, while FTSE futures ascended by 5.4%.

Trump’s recent move to escalate tariffs on Chinese imports from 104% to 125% indicates heightened pressure on China.