'Global trade war' adversely impacts PSX
Business
The KSE-100 Index went off to a good start on Tuesday by gaining 600 points
KARACHI (Dunya News) – The Pakistan Stock Exchange (PSX) continues to be on the slide after registering one high after another in the recent past.
Trading in the last week saw ups and downs and the first week of the month started on an abysmal note.
The KSE-100 Index went off to a good start on Tuesday by gaining 600 points, taking the figure to 113,649.
The improvement was, however, short-lived as day’s trading closed at 111,935 points after losing 809 points.
On Monday, the PSX trade closed at 112,745 after significant decline of 1,510 points.
Analysts say although there are positive economic indicators in the country, the global trade dispute following US President Trump’s imposition of tariff on some countries.
In a retaliatory move, China also imposed tariff on American goods.
