Pakistan Stock Market Crashed! India’s Attack Causes Double Damage to Pakistan, Heavy Devastation in Stock Market

Pakistan Stock Market Crashed: The strike carried out by India on Tuesday against Pakistan, which destroyed terrorist hideouts, was a result of Operation Sindoor launched by India in response to the Pahalgam attack. On one hand, Pakistan’s terrorist hideouts have been obliterated, while on the other hand, a massive decline has been observed in Pakistan’s stock market. Immediately after the news of the attack, a 6,000-point drop was seen in the KSE 100. Since the Pahalgam terrorist attack in India’s Kashmir, Pakistan’s stock market has been continuously falling. The reason is that action from India could happen at any time.

Pakistan Stock Market Crashed

Due to India’s air strike, as soon as the Karachi Stock Exchange opened the next day on Wednesday, a drop of about 6,000 points was observed right at the opening. This is the biggest single-day decline since 2021. The Pakistan Stock Exchange had closed at 113,568 points the previous day. The next day, as soon as the stock market opened, it was seen trading at 107,296 points.

11,000 Points Drop After Pahalgam Attack

The Pakistan stock market has been rattled since the Pahalgam attack. Due to the air strike carried out by India, a continuous decline is ongoing. The shares of oil and gas companies, as well as cement companies, are rapidly falling. A drop of 11,000 points has been observed so far since the Pahalgam attack.

90 Terrorists Eliminated

In the air strike carried out by India on Tuesday against Pakistan, attacks were made on nine hideouts, after which more than 90 terrorists were killed. Following India’s air strike, Pakistan’s Defense Minister issued a statement saying that if India does not take further action, Pakistan will also do nothing. After this, a slight recovery has been observed in the stock market.