๐ TODAY'S MARKET UPDATE: PSX STRONG, GLOBAL INVESTORS TURN CAUTIOUS
Pakistan Stock Exchange (PSX) remained firm with the KSEโ100 index closing near 139,400, gaining around +0.54%. Just a few sessions ago, the index hit a record high of 130,344, fueled by falling inflation (3.2%) and a 7% increase in petroleum product sales.
However, recent profit-taking triggered a 562-point dip, reflecting a balanced market mood despite underlying strength.
Global Markets: Positive Signals, Strategic Shifts
๐ A USโEU trade deal brought optimism to the markets, cutting EU tariffs to just 15% on US importsโboosting sentiment in global equities, especially S&P 500 and Nasdaq futures.
๐ค Meanwhile, US-China trade discussions are expected to extend the current 90-day truce, offering stability in an otherwise uncertain macro environment.
๐ผ On the debt front, emerging market hedge funds are shifting portfolios away from long-duration bonds into safer short-term debtโsignaling caution and a move to preserve cash amid uncertain conditions.
๐ Summary:
PSX Outlook: Strong but facing resistance due to profit booking.
Global Sentiment: Boosted by trade diplomacy (USโEU & USโChina).
Investor Strategy: Flight to safety continues with lower-risk assets gaining traction.
๐ฌ Stay updated. Stay ahead.
#MarketNews #PSX #GlobalMarkets #TradingUpdate #InvestorSentiment