War Fears Hit Pakistan Stock Market: PSX Crashes Over 1,700 Points

New Delhi: The Pakistan Stock Exchange (PSX) has been beneath drive following the tragic terror assault in Jammu and Kashmir’s Pahalgam on April 22, which claimed 26 blameless lives. Investor sentiment has taken a success amid fears that India would possibly reply with army motion, including to uncertainty available in the market.

The Pakistan Stock Exchange (PSX) noticed a pointy drop of over 1,700 issues as tensions between India and Pakistan escalated. According to a file by means of Dawn, the benchmark KSE-100 index fell by means of 1,717 issues—or 1.5 in line with cent—to 113,154.83 in a while ahead of 10 a.m., down from its earlier shut of 114,872.18. Experts say the steep decline displays rising investor worries over the emerging war.

Earlier within the day, Prime Minister Narendra Modi met with best defence officers and gave them complete freedom to make a decision how, when, and the place India must reply to the Pahalgam terror assault.

India-Pakistan Tensions Rise

After the April 22 terror assault, India took a number of sturdy steps towards Pakistan. These incorporated downgrading diplomatic ties, expelling Pakistani army officers, postponing the Indus Water Treaty of 1960, and shutting the Attari land transit level—strikes related to suspected cross-border involvement within the assault.