ISLAMABAD: Selling pressure returned to the Pakistan Stock Exchange (PSX) on Wednesday as the benchmark KSE-100 Index plunged by 1,204.21 points to close at 117,226.14 — a decline of 1.02 percent.
Today, a total of 605,175,574 shares were traded as compared to 740,872,571 shares on the previous trading day, whereas the price of shares stood at Rs 27.762 billion against Rs 30.516 billion on the last trading day.
As many as 455 companies transacted their shares in the stock market, 127 of them recorded gains and 274 sustained losses, whereas the share price of 54 companies remained unchanged.
Earlier on Tuesday, the Pakistan Stock Exchange (PSX) managed to stay in positive territory, supported by strong corporate earnings that lent support to the market.
The benchmark KSE-100 Index recorded a slight increase of 47.97 points, or 0.04%, closing at 118,430.35.
Pakistan’s Finance Minister Muhammad Aurangzeb has assured the International Monetary Fund (IMF) Managing Director Kristalina Georgieva that Pakistan would continue the IMF-guided reform agenda.
He met with the IMF chief on the opening day of the World Bank Spring Meetings 2025.
The IMF in January 2025 had projected the GDP growth rate for Pakistan at 3% for fiscal year 2025 and 4 percent for 2026.
Global stock markets experienced a relief rally in Asia on Wednesday, following remarks from President Donald Trump that calmed investor nerves.
Trump stated he had no intention of dismissing Federal Reserve Chair Jerome Powell and signalled the possibility of reduced tariffs on Chinese goods.
The US dollar surged broadly after Trump backed away from earlier threats to fire Powell—concerns that had previously undermined confidence in American financial markets.
Trump also emphasised his willingness to reach a trade agreement with China, assuring that tariffs would be far lower than the previously mentioned 145%.
However, he cautioned that if Beijing did not engage in negotiations, he would dictate the terms of any deal.
