PSX Rebound by 1700 points AMID Global Market is Stabilizing
The Pakistan stock exchange recovered around 1700 points due to the global market, and the global stock exchange is on the path to recovery. The PSX stock exchange witnessed a more than 50% recovery from yesterday's market crash, and it is hoped that PSX will recover fully, and it will be in a bullish trend next week onwards. Moreover, today almost all stock exchanges are going towards the path of recovery due to the wait-and-see policy of tariff impacts.
Donald Trump announced that he would impose more tariffs on China because they announced that they would put the same tariffs on the US and would provide a tit-for-tat response. However, US President Donald Trump hinted that China could face up to 50% additional tariffs if China chooses the path of retaliation. However, the announcement had a very minimal impact on the world stock exchange, and the PSX recovery was one of the best recoveries today due to the US delegation expected to arrive in Pakistan this week, and the PM task team tackling the US tariff is expected to leave for the US soon to negotiate tariffs and trade deals, which is one of the reasons for the speedy recovery of the PSX stock exchange.
Moreover, market experts suggest that tariffs are a new condition, and they are not sure what the impact on trade will be, especially on Pakistan. However, it is expected that electricity price reductions will also help exporters to reduce their prices and market their products in the US amid the tariff announcement. Moreover, there are many reasons why PSX (Pakistan Stock Exchange) made a speedy recovery. However, one of the biggest reasons is that Pakistan opted to handle the tariff matter via diplomacy and will present its concern to the US.
It is hoped that the Pakistan Stock Exchange will make a significant recovery in late April 2025 due to the IMF executive directors board meeting, which will provide Pakistan with US $1.3 billion to shore up its foreign reserves, and it will help to boost PSX as well.
