PSX booms as investors’ confidence restored after tariff suspension

Karachi: As investors regained confidence in the tariff suspension, business in the Pakistan stock market started with a strong rally.

On the fourth day of the business week, the stock exchange increased by more than 3,300 points at the start of business, with the Pakistan Stock Market 100 Index touching the mark of 117,484 points.

It is pertinent to note that at the end of the business day yesterday, the Stock Market 100 Index closed at 114,153 points with a decrease of 1,379 points.

On the other hand, due to the positive effects of the tariff suspension, a strong rally has also been seen in the US markets.

The S&P 500 has recorded an increase of about 10 percent. Nasdaq stocks have recorded an increase of more than 12 percent, and the Japanese market has also seen a strong rally, with Nikkei 225 stocks increasing by 8 percent.

Hong Kong's Hang Seng market also recorded an increase of about 2 percent, China's Shanghai SE Composite Index also saw an increase, while the mainland markets remain in a bearish mood.