Investors started indiscriminately selling as soon as the market opened
After the terrorist attack in Pahalgam in Kashmir, India has started taking tough decisions against Pakistan. In the valley on Tuesday, terrorists opened fire on tourists asking for religion, in which 28 people died. After this attack of Pakistan -backed terrorists, the Government of India made many big announcements, after which the Pakistani stock market opened up today. The Pakistan Stock Exchange (PSX) recorded a huge decline in early trade on Thursday. Pakistan’s KSE-100 index fell by 2.12 percent (2485.85 points) to 1,14,740.29 points in early trade today.
Investors started indiscriminately selling as soon as the market opened
After the terrorist attack on Pakistan stock market investors in Pahalgam, there is a direct impact of the growing geopolitical tension between India and Pakistan. As soon as the market opened on Thursday, investors started selling indiscriminately, causing an outcry in the market. Let us tell you that after the terrorist attack in Kashmir, India’s Foreign Ministry announced several strict decisions against Pakistan, including suspending the Indus Water Treaty, closing the Wagah-Attari border, canceling visa exemption under SAARC for Pakistani citizens. Let us tell you that the water of the Indus River is very important for the economy of Pakistan and the neighboring country is largely dependent on its water.
Mild decline in Indian stock market
On the other hand, there is no significant impact of these entire actions on the Indian stock market. By 1.40 pm on Thursday, the BSE Sensex was trading at 79,831.18 points and the NSE Nifty was trading on 24,248.40 points with a loss of 0.33% (80.55 points). The Sensex today started trading at 80,058.43 points with a loss of 58.06 points and the Nifty 50 51.05 points to start trading at 24,277.90 points.
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