support@headlinenews360.com
Pakistan Stock Market: The direct impact of the tension of India and Pakistan is also visible on the stock market of both countries. Investors are scared. However, for the last four days, there has been some improvement in the stock market of Pakistan on 9 May.
Until the report is written, Karachi Stock Exchange i.e. KSE-100 index is trading up 0.33 percent i.e. 857 points and is trading at 103,531 levels. According to Bloomberg’s report, it went up by about 2 per cent in early trade.
So far, more than 12 percent loss in KSE-100
Earlier on Thursday, KSE-100 saw a decline of about 6 percent in Intrade. Because of this, the business had to be stopped for some time. There was tremendous pressure on selling. During the last four trading sessions, Karachi Stock Exchange 100 slipped about 9.5 percent and went down. On 22 April Pahalgam Since the terrorist attack, there has been a loss of 12.5 percent in the KSE-100 index so far.
Here, on Friday, when we talk about the Indian stock market, there has been a decline here too. At 11.55 am in the morning, BSE slipped about 750 points or 0.94 percent to 75,589 levels. While NSE’s Nifty 50 was also trading at 24,041 levels, falling down 230 points i.e. 0.96 percent.
It is worth noting that 26 Indian tourists died in the terrorist attack in Pahalgam on 22 April. Its direct wire was connected to Pakistan. After this incident, tension between the two countries increased further. Taking back the retaliation, India took big action against the terrorists and attacked Pakistan and its 9 terrorist bases on the night of 7 April. The situation is more tense since then.
Also read: Amid stress from Pakistan, PM Modi brought this big decree for government departments
