Pakistan’s stock market staged a sharp rebound on Thursday when the KSE-100 index waves as investor confidentiality improved after a temporary break on the US tariffs announced by President Donald Trump.

The benchmark index touched an intraday height of 117,484.16 and got 3,331.01 points or 2.92%from the previous end of 114,153.15.

Even the session is low at 116,452.12, a gain of over 2,298 points reflected.

The global markets gathered after Trump offered a 90-day break on tariffs imposed on most US trading partners. The move was seen as an opportunity for fresh negotiations, soothing markets around the world.

While Trump expanded relief to several countries, he escalated tension with China by hiking on Chinese exports to 125%.

However, Asian markets, including China, drew from the speed, with the wider region welcoming the respiratory room.

Wall Street’s overnight rally also added to the positive mood across Asian Bourses, supporting PSX’s sharp recovery.

Bounce came after KSE-100 had fallen by over 1,300 points in the previous session in the midst of rising global trade fears.