New Delhi:
Pakistan Stock Market: After Operation Sindoor, there have been situations like India-Pakistan war. After the counter action operations conducted by India, there is a stir in Pakistan, which is also being seen on the stock market of Pakistan. Pakistan’s stock market is in shock since the retaliation of India.
After crashing on the previous day, on the morning of 9 May, Pakistan Stock Exchange PSX’s official website PSX.com.PK went down. The message of “Under Maintenance” is seen on the site, which is clear that Pakistan’s condition is battered.
Pakistan’s stock market crash, website also stalled
Let us know that after the Pahalgam attack, India targeted POK and the terrorist bases present in Pakistan, which destroyed 9 locations of Jaish-e-Mohammed and Lashkar-e-Taiba. After this action, there was a huge decline in Pakistan Stock Exchange (PSX). On May 8, the KSE-30 index declined by 7.2%, due to which the trading had to be stopped for one hour. The KSE-100 index also fell around 7,300 points to 102,674.
Since the Pahalgam attack (22 April), there has been a fall of about 13% in KSE-100 and about 14% in KSE-30.
Explosions in Karachi and Lahore increased concern
In the midst of this decline, another concern has been that the news of the blasts in Karachi and Lahore increased the fear in the market. It was also said by India that an air defense system in Lahore has been defused.