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PSX Rebounds, Gains Over 4,000 Points After Historic Crash – SUCH TV

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PSX Rebounds, Gains Over 4,000 Points After Historic Crash – SUCH TV



The Pakistan Stock Exchange (PSX) staged a strong comeback on Tuesday, recovering more than 2,000 points after suffering its steepest one-day decline in history.

The benchmark KSE-100 Index climbed to an intraday high of 156,106.01, gaining 4,133.02 points (2.72%) from the previous close of 151,972.99.

However, volatility persisted, with the index also dipping to an intraday low of 151,258.85, reflecting continued investor caution.

After Monday’s Historic Slump

The rebound follows Monday’s massive crash, when the KSE-100 plunged 16,089.17 points (-9.57%), marking its largest single-day fall ever.

The sell-off was triggered by escalating Middle East tensions and panic-driven mutual fund selling.

Analysts described Tuesday’s rise as a technical rebound, with value investors stepping in after excessive pressure eased.

Global Markets Under Pressure

While PSX showed recovery, global markets remained under strain:

MSCI Asia-Pacific index (ex-Japan) fell 1.5%

Japan’s Nikkei dropped 2.3%

US futures slipped 0.6%

Rising geopolitical tensions have intensified concerns about energy prices and global economic stability.

Oil Prices Surge

Fears of disruption in the Strait of Hormuz pushed energy markets higher:

Brent crude rose 2% to $79.22 per barrel

Shipping costs for oil tankers surged sharply

European and Asian natural gas prices jumped nearly 40% earlier

Higher oil prices pose inflationary risks for import-dependent economies like Pakistan.

What’s Next?

Market experts say the key question is whether the recovery gains momentum or remains a short-term bounce.

Investor sentiment remains fragile amid geopolitical uncertainty and volatile global energy markets.

 



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Ryanair flight from Milan to Manchester leaves passengers behind due to border delays

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Ryanair flight from Milan to Manchester leaves passengers behind due to border delays



New European border rules have caused delays at airports across the continent, affecting flights.



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‘A win-win for both nations!’ Three-day India-US trade talks to begin this week – The Times of India

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‘A win-win for both nations!’ Three-day India-US trade talks to begin this week – The Times of India


India and the United States are set to resume trade talks this week, taking a “great step to finalize” the proposed agreement. Taking to social media platform X, US Ambassador to India Sergio Gor said “The Indian trade delegation will be arriving in Washington this week. A great step to finalize our bilateral trade deal. A win-win for both nations!”This week, a delegation of around a dozen officials will be travelling from New Delhi to Washington for discussions on the first phase of the proposed bilateral trade agreement (BTA). The talks are scheduled from April 20 to 22 and will be led by India’s chief negotiator Darpan Jain, additional secretary in the department of commerce. The team will also include officials from the customs department and the ministry of external affairs.The negotiations come against the backdrop of recent changes in the US tariff system, prompting both sides to revisit parts of the trade agreement finalised earlier this year and released on February 7.A key development was the US Supreme Court striking down reciprocal tariffs imposed under the 1977 International Emergency Economic Powers Act. Following this, the US administration introduced a temporary flat 10% tariff on all countries for 150 days from February 24.These changes led to the postponement of a planned February meeting between the chief negotiators. The rescheduled talks in Washington will now proceed under the revised tariff framework.Alongside tariff issues, the discussions are also expected to cover two investigations initiated by the US Trade Representative under Section 301 of its trade law. India has refuted the allegations and is seeking withdrawal of the probes, arguing that the initiation notices do not provide adequate justification.



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Oil prices jump after Trump says Iranian ship seized

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Oil prices jump after Trump says Iranian ship seized



Energy markets have seen wild swings since the US and Israel attacked Iran on 28 February.



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