By Admin 
Pakistan Stock Market after Operation Sindoor: The Operation Sindoor carried out by India in response to the Pahalgam terror attack, where the Indian stock market saluted on one side and made an open lead in the Red Zone. On the other hand, there is a huge furore in the stock market of Pakistan and investors are scared. After the attack on Pakistan’s terrorist bases on Wednesday, Pakistan’s benchmark share index opened up 5.78 percent. The KSE-100 index is trading at 6,272 points or 5.5 percent in early trade at 107,296.
Since April 23, it has fallen by 9,930 points so far. Significantly, on April 22, he was attacked in Pahalgam in Jammu and Kashmir and 26 people died in it. Most of those who died were tourists. In the investigation of security agencies, the direct wire of this attack connected to the border.
Class in Pak stock market
After the Pahalgam attack, the Government of India announced to abolish all kinds of relations including Pakistan’s trade. After this action of the Government of India, while his economy is having a very bad effect on one side, on the other hand, Pakistan’s stock market is constantly crashing. Due to the falling Pakistan’s stock market, so far, billions of rupees of investors in Pakistan have been destroyed.
It is worth noting that Pakistan fasted with the cancellation of exemption in SAARC visa, reducing the number of Pakistan diplomats and canceling the Indus Water Agreement. Not only this, after the 22 April Pahalgam terrorist incident, the benchmark KSE-100 index of Karachi Stock Exchange on April 24 broke down 2,485 points within minutes as soon as the business started.
Billions of rupees became self
After April 22, the KSE index has seen a decline of 5,494.78 points i.e. 4.63 percent. While the market cap of Karachi Stock Exchange was $ 52.84 billion, it fell to $ 50.39 billion on April 29.
Within a few days, the Pakistani stock market has lost more than $ 2.45 billion. A more serious economic challenge has arisen in front of Pakistan, already in front of the tightness. While inflation in Pakistan increased by 38.5 percent in May 2023, the foreign exchange reserves have been less than $ 3.7 billion.
Also read: Operation vermilion and Indo-Pak stress scared investors, 398 points broken Sensex, opening Nifty at 24,350