Buying momentum continued at the Pakistan Stock Exchange (PSX) on Friday as investors celebrated the reduction in US reciprocal tariffs on Pakistan, with the benchmark KSE-100 Index gaining over 200 points during early trading.
At 10:15am, the benchmark index was hovering at 139,605.26 level, an increase of 214.84 points or 0.15%.
Buying was observed in key sectors including cement, commercial banks, fertiliser, oil and gas exploration companies and OMCs. Index-heavy stocks, including MARI, OGDC, SNGPL, SSGC and FFC traded in the green.
In a key development, the US administration imposed a 19% reciprocal tariff on a wide range of Pakistani goods, significantly lower than the initially proposed 29%, under a sweeping new executive order signed by President Donald Trump.
