PSX reverses gains, dips by 1,300 points as global trade war escalates

A bearish trend gripped the Pakistan Stock Exchange (PSX) again on Friday as the market declined by over 1,300 points after the positive sentiments that drove the bourse staging a recovery a day earlier were blown away by the ongoing tariff war.

The dip followed China saying it would raise tariffs on US goods to 125 per cent.

The benchmark KSE-100 index declined by 1,335.88 points, or 1.15pc, to close at 114,853.33 from the previous close of 116,189.21.

Yousuf M. Farooq, director research at Chase Securities...