Karachi : The Pakistan Stock Exchange (PSX) witnessed a sharp downturn during trading today due to Pak-India tensions. The PSX 100 index declined by 6,482 points during the trade, after which the index closed at 103,526 points. This is the second-biggest single-day fall in the history of the Pakistan Stock Exchange.
At the start of the market, the index rose more than 1,800 points to reach the level of 111,881 points, but after the news of Indian attacks, investors panicked, as a result of which the index fell by 7,516 points to the level of 102,492 points. The market was temporarily closed for an hour.
According to experts, the Pakistan-India tension has shaken the confidence of investors, and there is a fear of further downturn in the market if the situation does not improve. In addition, the Indian stock market also saw a downturn, with the Sensex index falling more than 1%.
It should be noted that during the recent tension, India attacked various areas of Pakistan, in response to which Pakistan also took strong action. This situation has had a negative impact not only on the security of the region but also on the economy.
