{"id":2655,"date":"2025-04-04T06:04:42","date_gmt":"2025-04-04T06:04:42","guid":{"rendered":"https:\/\/ipp-news.com\/?p=2655"},"modified":"2025-04-04T06:04:42","modified_gmt":"2025-04-04T06:04:42","slug":"psx-hits-record-high-as-kse-100-crosses-120000-in-intraday-trading","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=2655","title":{"rendered":"PSX hits record high as KSE-100 crosses 120,000 in intraday trading"},"content":{"rendered":"
The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend as the benchmark KSE-100 index surged by 1,729.48 points, or 1.45%, current index at 120,667.59.<\/p>\n

The index hit a high of 120,793.41 points during intra day trading session and maintained a relatively tight range, with the day’s low recorded at 119,085.73 points.<\/p>\n

The trading volume stood at over 60 million shares, reflecting strong investor participation.<\/p>\n

The day’s trading value amounted to 5.12 billion, underscoring a robust market activity that has lifted investor confidence.<\/p>\n

The development came after Prime Minister Shehbaz Sharif announced a 15% cut in electricity tariffs, reducing prices by Rs7.41 per unit, aimed at easing the financial burden on families and boosting national grid consumption.<\/p>\n

The reduction, benefiting around 40.3 million consumers, primarily residential users, was achieved through seasonal tariff adjustments, a budget-neutral subsidy increase, and tax reductions.<\/p>\n

The new average electricity rate for domestic consumers will be Rs34.37 per unit, while industrial rates have been lowered to Rs40.51 per unit.<\/p>\n

The government successfully negotiated with the International Monetary Fund (IMF) to approve this price reduction, despite initial resistance.<\/p>\n

The maximum relief of 12% has been granted to commercial consumers, while industrial users benefit from a 13% reduction.<\/p>\n

The new rates also introduce significant cuts for protected residential consumers, with reductions of up to 32% depending on usage.<\/p>\n

On the other hand, US President Donald Trump announced the imposition of ‘discounted reciprocal’ tariffs on several countries, including a 29% tariff on Pakistani goods.<\/p>\n

Trump justified the move as a necessary step to correct trade imbalances and address what he viewed as unfair treatment of American products in foreign markets.<\/p>\n

He argued that high tariffs imposed by other countries, including Pakistan, had unfairly subsidised their economies at the expense of the US.<\/p>\n

Trump highlighted that Pakistan had been charging a 58% tariff on American goods, prompting the US to impose a 29% tariff on Pakistani exports.<\/p>\n

The US remains one of Pakistan’s largest trading partners, with bilateral trade valued at $7.3 billion in 2024. US exports to Pakistan grew by 4.4% to $2.1 billion, while imports from Pakistan increased by 4.9%, totalling $5.1 billion.<\/p>\n

In addition to Pakistan, the US has imposed reciprocal tariffs on 40 other countries, with rates ranging from 10% to 50%, as part of a broader strategy to address global trade imbalances and ensure fairer trade conditions for US industries.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend as the benchmark KSE-100 index surged by 1,729.48 points, or 1.45%, current index at 120,667.59. The index hit a high of 120,793.41 points during intra day trading session and maintained a relatively tight range, with the day’s low recorded at 119,085.73 points. The trading volume […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-2655","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2655","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2655"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2655\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2655"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2655"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2655"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}