https://arab.news/ch9ac
- US President Donald Trump has announced a 90-day delay in tariffs
- KSE-100 Index surged by over 2,036 points following the announcement
KARACHI: Pakistan’s stock market bounced back on Thursday after US President Donald Trump announced a 90-day delay in tariffs, analysts said.
The KSE-100 Index surged by over 2,036 points (1.75 percent), following the announcement.
On Wednesday (April 9), the KSE-100 Index had dropped 5 percent, leading to a 45-minute halt in trading.
Zafar Moti, CEO of Zafar Moti Capital Securities, said the decision helped calm investors, while Ahsan Mehanti, Managing Director and CEO of Arif Habib Group, said the pause in tariffs was seen as good news by investors.
“The Pakistan Stock Exchange closed on a positive note,” Topline Securities said in its daily market review.
“This upward trajectory was fueled by a strong rebound in US and other international equity markets, with the index rallying as much as 3,331 points during intraday trading.”