Pakistan Stock Exchange: Lahore, Karachi Explosions Send Kse100 Tumbling; Trading Halted

Trading connected Pakistan Stock Exchange was halted for an hr connected Thursday amid intensifying India-Pakistan tensions. KSE100, nan benchmark scale astatine Pakistan Stock Exchange, plunged complete 6 per cent earlier successful nan time amid reports large explosions were heard successful Karachi and Lahore -- a time aft India's Operation Sindoor. This raised tensions successful Pakistan that India's consequence to nan Pahalgam panic onslaught was yet to beryllium concluded.   

KSE100 tumbled 6,948.73 points, aliases 6.32 per cent, to 103,060.30, earlier nan trading was halted. The home banal marketplace was unfazed, pinch benchmarks Sensex and Nifty trading much aliases little flat. 

A Reuters study coming quoting Pakistani subject suggested that Pakistan changeable down 12 drones from India that violated its airspace. As per nan report, India sent Israeli Harop drones to aggregate locations, including nan 2 largest cities of Karachi and Lahore, and their debris is being collected, Reuters attributed Pakistan subject spokesperson Ahmed Sharif Chaudhry arsenic saying.

"Uncertainty regarding nan grade of an expected face-saving consequence from Pakistan to India’s Operation Sindoor will measurement connected markets. From nan marketplace perspective, it is important that nan conflict should not escalate," said VK Vijayakumar, Chief Investment Strategist, Geojit Investments.

On May 7, India launched Operation Sindoor connected 9 panic targets successful Pakistan and Pakistan-occupied Kashmir. The Pakistan foreign ministry later confirmed strikes successful Bahawalpur, Kotli, Muzaffarabad and Muridke. Gulpur, Bhimber, Bagh, Chak Amru and Sialkot were immoderate further sites reportedly deed by Indian missiles. 

The rocket onslaught was nan first specified move since nan 1971 warfare erstwhile India’s Army, Navy, and Air Force launched associated precision strikes connected 9 panic hubs successful Pakistan and PoK. 

Following nan Operation Sindoor, Pakistan's Karachi 100 scale had 3,559.48 points aliases 3.13 per cent to settee astatine 1,10,009.03 connected Wednesday. 

A full of 20 visitors were killed successful nan Pahalgam panic attack. It was nan astir terrible panic incident successful India since nan 2019 Pulwama bombing that killed 40 CRPF personnel.

Emkay Global said while India’s beardown consequence to nan Pahalgam panic attacks has raised nan specter of escalated conflict pinch Pakistan but ]it is improbable to impact markets. It, however, acknowledged that this is an unpredictable business and that it would re-calibrate its marketplace views if developments trigger a alteration successful nan guidelines lawsuit assumption. 

Published on: May 8, 2025 1:40 PM IST