Global equity fall fuels bearish trend at PSX

Pakistan Stock Exchange (PSX) on Monday lost significant ground as it shed over 1,500 points, thanks to the global market decline following US President Donald Trump's tariff announcements for Mexico, Canada and China, potentially initiating a trade war. The KSE-100 index opened the day under pressure and it quickly descended. Although there was a slight recovery, where the index reached its intra-day high of 114,621 points, the market was unable to sustain the momentum. Domestic concerns, including political uncertainty and the upcoming International Monetary Fund (IMF) review, added to the bearish sentiment. Despite a low inflation of 2.4% for January, investors were wary of the State Bank's monetary policy stance in the coming months.