India’s action collapsed by action of India, 2500 points broken as soon as the market opened

Pakistan Stock Exchange: The Pakistan Stock Exchange (PSX) recorded a huge decline on Friday, 25 April. Two consecutive business sessions have fallen by more than 2500 points. After the terrorist attack in Pahalgam in Jammu and Kashmir, there is an atmosphere of destruction in Pakistan’s stock market.

PSX’s website is offline

The most prominent index of the Karachi Stock Exchange, which includes the top listed companies of Pakistan, was seen in the KSE-100 within five minutes of the trading start on Friday. After this, the index came to 114,740.29 points.

Apart from this, today the PSX website went offline for some time. The message of ‘We’ll Be Back Soon’ started appearing on the website. Even though it was claimed that the routine maintenance of the website is going on, the rumors of the market fall from time to time got air and there was more fear among investors.

Pakistan’s development estimate also decreased

The International Monetary Fund (IMF) has also reduced Pakistan’s growth rate estimate to 2.6 percent in its World Economic Outlook. Actually, of Kashmir Pahalgam After India’s retaliation after the deadly terrorist attack on tourists, there is uproar in the Pakistani stock market.

India decided to suspend the Indus Water Treaty with immediate effect, closed the Attari-Wagah border. Along with this, many rigorous diplomatic and economic action were also announced, including cancellation of SAARC Visa exemption scheme for Pakistani citizens. This has increased tension on the border of Pakistan and India.

Pressure on Pakistan’s economy

Pakistani news paper Don wrote in his report, “India’s sharp reaction and increasing fears of military conflict have put Pakistan’s delicate economy under heavy pressure.”

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