Trump's tariff storm breaks records at PSX

News Image

By MG News | April 07, 2025 at 12:21 PM GMT+05:00

0:00

April 07, 2025 (MLN): Marking one of the steepest declines in its history, the Pakistan Stock Exchange (PSX) experienced a seismic shock on Monday as the KSE-100 index plummeted by over 6,000 points in a single day.

The index fell by a staggering 6,000.92 points, or 5.3%, closing at 107,108.59, surpassing the previous significant drop of 4,795 points on December 19, 2024.

The major trigger for the historic plunge was the mounting fears surrounding U.S. President Donald Trump's aggressive tariff policies, which have already sparked turbulence in global markets.

His stance on trade has led to a wave of uncertainty, amplifying recessionary worries across markets worldwide.

Last week, the United States significantly raised tariffs on Pakistani exports, increasing rates from 4-5% to 29% under its reciprocal trade policy.

However, the analyst community is divided on how the tariffs might affect Pakistan's economy. While many fear the global fallout, some believe that, as an import-led economy, Pakistan could stand to benefit from a possible decline in global commodity prices.

The potential reduction in import costs could offset some of the broader challenges posed by the trade war.

Copyright Mettis Link News

 

 

Related News

Name Price/Vol %Chg/NChg
KSE100 128,199.43
336.91M
2.05%
2572.11
ALLSHR 79,787.62
1,023.63M
1.53%
1202.91
KSE30 39,105.00
121.90M
2.49%
951.21
KMI30 186,915.61
131.16M
1.10%
2029.11
KMIALLSHR 54,201.88
553.60M
0.81%
438.07
BKTi 33,476.68
51.49M
4.87%
1555.00
OGTi 27,962.58
9.77M
0.68%
188.60
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 105,590.00 108,105.00
105,550.00
-2645.00
-2.44%
BRENT CRUDE 67.39 67.50
66.34
0.65
0.97%
RICHARDS BAY COAL MONTHLY 97.50 97.50
97.50
0.70
0.72%
ROTTERDAM COAL MONTHLY 103.80 103.80
103.80
-3.45
-3.22%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 65.71 65.98
64.67
0.60
0.92%
SUGAR #11 WORLD 15.70 16.21
15.55
-0.50
-3.09%

Chart of the Day


Latest News
July 01, 2025 at 10:04 PM GMT+05:00

Pakistan’s trade deficit improves by over 9% in June


July 01, 2025 at 05:24 PM GMT+05:00

Gold price in Pakistan rises Rs6,600 per tola


July 01, 2025 at 04:53 PM GMT+05:00

PSX proposes key regulatory amendments



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg