PSX rebounds with a jump after a day of heavy losses

KARACHI: The Pakistan Stock Exchange (PSX) opened at 114,909.48 points, after yesterday’s bloodbath that saw the index drop down 8,500 points during the trading day and closing with nearly 4,000 points loss.

PSX closes with 4,000 points fall, after tumbling over 8,500 points

Today, however, the benchmark KSE-100 index rebounded with a quick jump, gaining nearly 1,600 points within an hour of trading. PSX, like the global stock markets, had been impacted by US President Trump’s tariffs and the widespread concerns of an impending recession as a result of these trade barriers.

Today, some Asian markets seemed to have rebounded and in early trading, the PSX also showed hopeful signs of recovery. After some investors reduced their open positions to control losses yesterday, today the individual and institutional investors might be willing to increase their risk appetite and push the market upwards.

PSX plunges amid global selloff, Trump’s tariff plan fuels recession fears

Around 10:30 AM, the index looked like this: