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PSX Rebounds Sharply as KSE-100 Gains 1,100 Points

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Investor confidence returned to the Pakistan Stock Exchange on Thursday, with the benchmark KSE-100 Index climbing over 1,100 points in early trading after a sharp sell-off the previous day.

By 9:40am, the index was up 1,163.51 points, or 0.97%, reaching 121,629.44. The rebound follows Wednesday’s session, when the index dropped more than 1,500 points to close at 120,465.93, driven by a wave of bearish sentiment.

In contrast, global markets struggled. Asian equities slipped, with Japan’s Nikkei falling 0.8% as a stronger yen weighed on exporters. Taiwan’s index declined 0.9%, while Hong Kong’s Hang Seng shed 0.8%. US S&P 500 futures were down 0.4%, although American markets were closed for a national holiday.

Oil prices also dipped, with Brent crude trading at $76.32 per barrel, still hovering near a 4.5-month high. Currency markets saw the yen strengthen 0.2% to 144.92 per dollar, while the US dollar continued to gain against major peers on safe-haven flows.

In a notable diplomatic development, President Donald Trump hosted Pakistan’s Army Chief, Field Marshal Syed Asim Munir, for a private meeting at the White House—an unprecedented move, as no senior civilian officials were present. The visit is being viewed in Islamabad as a diplomatic breakthrough, particularly in light of recent engagements between US Vice President JD Vance and top Indian officials.

Separately, the US Federal Reserve left interest rates unchanged on Wednesday, signalling potential rate cuts later in the year. However, it revised its outlook in response to expected inflationary pressures tied to Trump’s proposed tariff agenda.

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Zayn

Zain is a dynamic business student with a passion for technology that goes beyond the classroom. When he's not immersed in his studies, Zain can be found playing with the latest gadgets, fueled by a genuine curiosity for emerging tech trends. His love for technology extends to his avid reading habits, where he stays updated on the latest advancements and breakthroughs in the tech world. Despite his academic focus, Zain is also an outdoor enthusiast, always ready for an adventure. With several years of experience in writing news, Zain brings a unique blend of business acumen, tech-savviness, and journalistic expertise to any discussion or project.

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