Another BIG blow to Pakistan, PSX loses Rs 820000000000 in single day, suffers worst-ever fall after Indian airstrikes
After losing on all fronts of the border, already debt-ridden Pakistan is also facing huge losses in stock markets.
Amid escalating defense force tensions with India, Pakistan’s stock market confronted a severe collapse on Thursday, after declining by Rs 1.3 trillion in market tag in fair three days. The KSE-100 index saw main intraday swings after Indian drone strikes.
The Pakistan Stock Substitute (PSX) suffered main downfall, after the KSE-100 index recorded its worst-ever intraday swing. The index went down over 6,400 components at its lowest with a Rs 820 billion loss in market capitalization within a single session, according to Dawn.
At some stage within the last three trading days, the PSX’s total market tag has eroded by an unheard of Rs 1.3 trillion attributable to investor fright over India’s air strikes. Thursday’s trading session turned into as soon as additionally volatile, with the index fluctuating by extra than 10,000 components from an intraday excessive of 1,872 components to a main low of 8,410 components.
Taking to X on Friday, the Additional Directorate Long-established of Public Records (ADG PI) said that the drone attacks were “effectively neutralised” and the ceasefire violations were as it'll be responded to.
The ADG PI additionally famend that the profitable retaliation by the Indian Armed Forces turned into as soon as additionally below Operation Sindoor, which turned into as soon as launched within the early hours of Wednesday, all by intention of which the Armed Forces neutralised nine terror camps in Pakistan and the Pakistan-occupied Kashmir.
“Pakistan Armed Forces launched multiple attacks using drones and other munitions alongside entire Western Border on the intervening evening of 08 and 09 May 2025. Pak troops additionally resorted to a tall selection of conclude fire violations (CFVs) alongside the Line of Adjust in Jammu and Kashmir. The drone attacks were effectively repulsed and befitting reply turned into as soon as given to the CFVs. Indian Navy remains dedicated to safeguarding the sovereignity and territorial integrity of the Nation. All heinous designs will be responded with force,” the Navy said.
(With Inputs From ANI)
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