Pakistan Stock Exchange Down 5.78% Amid Escalating Border Tensions

The Pakistan stock exchange shed 6,500 points today on the back of escalating cross-border tensions between India and Pakistan.

KSE-100 index went down by 6,560.82 points, or 5.78 per cent, to 107,007.68 from its previous day’s closing of 113,568.50.

After 11:00 am, the market indicated signs of recovery, clocking 112,457.37 points, before falling to 111,171.92 points at 12 pm.

“This was expected in the market for days because of the fears about military strikes by India,” she said.

“The market opened under pressure this morning and some selling has been observed, though volumes remain low as investors assess the evolving situation,” she said.

The Indian armed forces launched Operation Sindoor by targeting nine terrorist infrastructure sites across Pakistan and Pakistan-occupied Kashmir as a strong response to the Pahalgam terror attack that killed 26 people.