The Pakistan Stock Exchange (PSX) kicked off the week on a positive note, with its benchmark KSE-100 Index rising by more than 900 points during Monday’s intra-day trading.
By 10:10am, the index was at 118,224.90, showing an increase of 909.32 points or 0.78%.The PSX had also closed positively on Friday, with the KSE-100 gaining 414 points then.
In international markets, however, Asian equities and US stock futures experienced declines on Monday, driven by concerns over tariffs and public criticism of the Federal Reserve from President Donald Trump.
This uncertainty contributed to a surge in gold prices.
On Thursday, Trump criticized Fed Chair Jerome Powell, raising questions about his potential dismissal, which could significantly impact the central bank’s independence and global market stability.
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Many markets were closed on Friday, with some still observing holidays for Easter Monday. S&P 500 futures fell by 0.64%, while Nasdaq futures dropped 0.53%.
In Asia, Japan’s Nikkei index decreased by 1%, although South Korea’s benchmark index remained stable.
