The Pakistan Stock Exchange (PSX) continued its bullish run on Friday, with the KSE-100 index surging 1,747 points to reach an all-time high of 120,685.11 during intraday trading.
This marks a 1.47% increase, fueled by a sweeping relief package for electricity consumers.
On Thursday, the index had already gained 1,131.36 points, closing at 118,938.11.
Trading volume stood at 422.7 million shares, with a total value of Rs28.21 billion.
The rally followed Prime Minister Shehbaz Sharif’s announcement of a major reduction in electricity tariffs.
Domestic consumers saw a Rs7.41 per unit cut, bringing rates to Rs37.64 per unit, while industrial tariffs dropped by Rs7.59 to Rs40.51 per unit.
Despite the stock market surge, the dollar appreciated by 24 paisa in the interbank market, rising from Rs280.16 to Rs280.40.
Meanwhile, the US has imposed a 29% reciprocal tariff on Pakistan, citing Islamabad’s 58% tariff on American imports.
President Donald Trump also announced new import taxes: 26% on India, 34% on China, 20% on the EU, and 10% on Saudi Arabia, Qatar, and Afghanistan, marking a significant shift in global trade policy.
