In view of the terrorising situations between India and Pakistan, the stock market is bound to be largely volatile based on the military conflicts and prevailing situations. The same was observed earlier in the day today when the Indian Army strategically completed Operation Sindoor, targeting the terrorism camps in Pakistan.
In the aftermath, the Karachi stock exchange suffered a significant blow as investors panicked about the prevailing market conditions.
Pakistan’s main trading index, Karachi-100, dropped by 6,272 points or nearly 6 per cent during early trading on Wednesday, hitting a low of 107,296.64 compared to Tuesday’s tally of 113,568.51.
The Karachi stock exchange had been witnessing a study decline since April 23, the day of Pahalgam attack. Cumulatively, this exchange fell by 3.7% in fear of possible fire exchanges between India and Pakistan.
On the other hand, the Indian stock exchange is projecting a neutral and stable market outlook. Although the Sensex dropped narrowly by 692 points during the time of opening, it quickly regained the position and traded at 80,845.
This post was last modified on 7 May 2025 11:51 am
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