Karachi: The Pakistan Stock Exchange (PSX) on Tuesday, today, commenced on a positive note recovering from the previous day’s historic plunge, as investors responded to stabilising global markets.
The PSX benchmark KSE-100 Index jumped by 1,782.81 points, to reach an intraday high of 116,692.29.
The index had touched a low of 115,706.47 during the session.
Meanwhile, diplomatic momentum picked up after US Secretary of State Marco Rubio held a call with Deputy Prime Minister and Foreign Minister Ishaq Dar on Monday. The two discussed Washington’s recent imposition of a 29% tariff on Pakistani goods and agreed to work towards a fair and balanced trade relationship.
According to a statement from the Foreign Office, Dar reiterated Pakistan’s commitment to strengthening its partnership with the US, particularly in the areas of trade, investment, and counterterrorism.
The US side reportedly expressed interest in expanding commercial opportunities, including engagement in Pakistan’s critical minerals sector.
The rebound follows a steep decline on Monday, when the KSE-100 Index plunged by 3,882 points (-3.27%), amid global sell-offs triggered by concerns over new US trade tariffs. The index had touched a day’s low of 110,103.98 before closing at 114,909.49.
