Pahalgam Terror Attack: Pakistan Stock Market Hit Hard, Kse100 Plunges 2,000 Pts; Here's Why

Benchmark banal scale successful Pakistan, KSE100, plunged complete 2,000 points connected Thursday, arsenic a time aft India announced a bid of negotiated measures, targeting Pakistan successful consequence to a deadly onslaught successful Kashmir's Pahalgam that near 26 visitors dead. This was nan astir terrible specified incident since nan 2019 Pulwama bombing that killed 40 CRPF personnel.

At past count, KSE100 stood astatine 115,128.04, down 2,098.10 points aliases 1.79 per cent. Alliance Global Logistics (AGL), FrieslandCampina Engro Pakistan (FCEPL), Nishat Mills (NML), Pakistan International Bulk Terminal Limited (PIBTL),  Airlink Communication (AIRLINK) and Punjab Oil Mills (POML) were among immoderate of nan scale stocks tumbling 5-7 per cent today.    

The 100-constituent scale has jumped 64.28 per cent successful nan past 1 year, trading successful a wide scope of 70,562.12-120,796.67. 
             
India has attributed nan onslaught to cross-border terrorism, holding Pakistan responsible for harboring militant groups operating successful nan region. It has suspended nan Indus Water Treaty and downgraded its negotiated relations pinch nan neighbouring country. 

India has expelled Pakistan’s defence, naval, and aerial advisors from its ngo successful New Delhi, declaring them persona non grata. It is besides successful nan process of withdrawing its ain subject advisors from Islamabad.

Besides, The SAARC Visa Exemption Scheme for Pakistani nationals has been suspended pinch contiguous effect. The Integrated Check Post (ICP) astatine Attari, nan only onshore separator crossing presently successful cognition betwixt nan 2 countries, has besides been ordered shut. 

Pakistani nationals successful India connected valid archiving are permitted to return earlier May 1.

Military analysts person noted different activity on nan Jammu and Kashmir border, including nan activity of Pakistani subject assets. Defence observers, citing online formation search data, person indicated that Pakistan whitethorn beryllium repositioning craft to guardant bases, perchance successful anticipation of a retaliatory onslaught from India. 

Pakistan connected Thursday said: "Any effort to extremity aliases divert nan travel of h2o belonging to Pakistan arsenic per nan Indus Waters Treaty, and nan usurpation of nan authorities of little riparian will beryllium considered arsenic an Act of War and responded pinch afloat unit crossed nan complete spectrum of National Power." 
 

Published on: Apr 24, 2025 5:12 PM IST