Pakistan Stock Market Crash: On Tuesday, India took major action against Pakistan and destroyed 9 terrorist bases in air strikes under Operation Sindoor. Its direct impact was seen on the stock market of Pakistan, which was exposed as soon as it opened. KSE-100 suddenly recorded a decline of more than 6,000 points. The Pakistani stock market was steadily declining since the Pahalgam terror attack, but the Pakistani market saw a major decline after the operation vermilion.
Pakistan’s stock market opened as soon as it opened
While the Indian airstrikes caused panic in Pakistan, there was chaos in the Pakistani stock market. The Karachi Stock Exchange index fell 6,000 points or about 6 percent as soon as it opened on Wednesday. The index opened with a sharp fall from its previous closed level 1,13,568.51 and soon came to the level of 1,07,296.11. This is the biggest decline in the Pakistani stock market since 2021.
However, after the Indian attack, after the statement of Pakistan Defense Minister Khwaja Asif, the panic in the market decreased somewhat. Significantly, after India’s attacks on terrorist camps in Pakistan and PoK, the Pakistani Defense Minister has said that if India does not take any further action, Pakistan will not do anything.
The Pakistani stock market, who was frightened by the Indian attack after the Pahalgam attack, fell by 11,000 points. During the Pakistan Market in Fear on Wednesday, the shares of cement companies, apart from oil and gas, saw the biggest decline. Since the terrorist attack in Pahalgam, India, the KSE-100 has continued to fall and so far it has fallen by more than 11000 points. The Pakistani stock market has fallen by more than 7 percent last week. On 22 April, the day of the Pahalgam attack, KSE-100 closed at 1,18,383.38.
90 terrorists killed in Indian attack
It is noteworthy that in response to the Pahalgam terror attack on 22 April, India took major action and targeted 4 bases in Pakistan and 5 in PoK as part of the joint operation of the three armies. The Indian intelligence agency Raw identified all the locations, after which the army and Jaish’s locations were attacked with complete planning. Pakistan may be threatening threats, but India has shown its strength by executing this aerial attack. According to reports, about 90 terrorists were killed in this attack.
