Trump's tariff storm breaks records at PSX
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By MG News | April 07, 2025 at 12:21 PM GMT+05:00
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.
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---|---|---|
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% |
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