Key points
- The benchmark index was hovering at 111,791.53 at 9:35 am
- It is an increase of 1,782.51 points or 1.62pc
- Internationally, shares in Asia firmed today after Trump flagged a first trade deal
ISLAMABAD: The Pakistan Stock Exchange (PSX) has rebounded strongly today with the benchmark KSE-100 Index increasing by nearly 1,800 points during early morning trade, recovering a portion of the steep losses it suffered a day earlier.
According to Business recorder, at 9:35 am, the benchmark index was hovering at 111,791.53, an increase of 1,782.51 points or 1.62 per cent.
Across-the-board buying was observed in key sectors including automobile assemblers, cement, commercial banks, fertilizer, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including HUBCO, ARL, MARI, OGDC, POL, PSO, SSGC, NBP, and UBL, are traded in green.
Earlier, on Wednesday, the PSX’s benchmark KSE-100 Index recovered a portion of its losses, but still settled with a loss of over 3,500 points at 110,009.02.
Shares in Asia
Internationally, shares in Asia firmed on Thursday after US President Donald Trump flagged a first trade deal in his global tariff war, while the dollar tried to hold overnight gains as markets pushed out the chance of near-term rate cuts.
BBC reported that the US and the UK are expected to announce a deal to reduce tariffs today.
Keywords: Pakistan Stock Exchange, KSE-100, 1,800 Points
