Pahalgam Terror Attack Costs Pakistan's Kse100 16,700 Pts! Index Down 14% Since April 22

Pakistan's benchmark banal scale Karachi-100 scale has shaved astir 16,700 points disconnected its worth ever since Pakistan-sponsored terrorists killed 26 visitors successful Kashmir's Pahalgam connected April 22. The 100-pack scale has fallen 14 per cent, arsenic investors location fret complete retaliation from India successful days to come. 

On May 7, India launched Operation Sindoor connected 9 panic targets successful Pakistan and Pakistan-occupied Kashmir, pursuing which Pakistani PM Shehbaz Sharif threatened a forceful retaliation from Islamabad. 

On Thursday, KSE100 quoted astatine 1,01,771.17, down 8,400.89 points aliases 7.64 per cent. Trading successful Pakistan Stock Exchange was earlier halted for an hour, arsenic immoderate reports besides suggested proceeding of large explosions successful Karachi and Lahore. Business Today could not corroborate nan reports independently. 

With today's fall, nan scale is down 16,659.18 points aliases 14.06 per cent complete April 22's closing of 1,18,430.35. Indian stocks person been, connected nan different hand, comparatively calm. The 2 benchmark indices Sensex and Nifty person successful truth gained 0.6-1.2 per cent since April 22.  

"Since nan 1990s, respective high-stake India–Pakistan episodes—from Kargil and Parliament attacks to Uri and Pulwama—have tested nerves. But nan Sensex has consistently demonstrated a singular immunity to sabre-rattling. Market corrections, if any, person been modest, short-lived and mostly sentiment-driven. Fundamentals person prevailed," Anand Rathi said successful a note.

Pakistan had earlier confirmed May 7 strikes successful Bahawalpur, Kotli, Muzaffarabad and Muridke. Gulpur, Bhimber, Bagh, Chak Amru and Sialkot were immoderate further sites reportedly deed by Indian missiles. 

There are fears successful Pakistan that nan tensions could flare up betwixt nan 2 nations aft nan Pakistani PM Shehbaz Sharif vowed to retaliate against India's Operation Sindoor. Rating agency Moody's had earlier warned that a sustained escalation successful tensions pinch India would apt measurement connected Pakistan’s maturation and hamper nan government’s ongoing fiscal consolidation, mounting backmost Pakistan’s advancement successful achieving macroeconomic stability

Stock investors successful Pakistan were besides spooked coming by large explosions that were heard successful Lahore and Karachi this morning.  India earlier suspended nan Indus Water Treaty and downgraded its negotiated relations pinch nan neighbouring country.

Published on: May 8, 2025 2:33 PM IST