Today marks one week since the pahalgam terror attack. Tensions between india and pakistan have increased after the terrorist attack in pahalgam, kashmir - SRINAGAR/JAMMU' target='_blank' title='jammu and kashmir-Latest Updates, Photos, Videos are a click away, CLICK NOW'>jammu and kashmir on tuesday, 22 April. 26 innocent tourists died in this terrorist attack.
Taking a tough stand on this deadly terrorist attack, india took several tough steps against Pakistan. The ban on bilateral trade by the indian government and the suspension of the Indus Water Treaty seem to have a deep impact on Pakistan's economy because on Monday, the first trading day of this week, the KSE-100 index closed at 114,063.90 with a fall of 1,405.45 points or 1.22 percent.
Pakistani stock market shaken by India's decision
On tuesday also, the KSE-100 index has seen a fall of 1100 points. The government's decision to cancel the SAARC visa exemption scheme, expel the Pakistani military advisor (attache), reduce the number of its diplomatic staff in pakistan and close the Attari border shook the stock market of Pakistan.
On april 24, the benchmark KSE-100 index of the Karachi Stock Exchange fell by 2,485 points within a few minutes of the start of trading. There was a slight recovery during the day, but later it closed at 115,019.81, falling by 2,206 points. Today also at 1:40 pm, the Karachi Stock Exchange was trading at 114,007.40 points with a decline of 100 points.
70 thousand crores lost after the pahalgam attack
Let us tell you that after april 22, the KSE index has seen a decline of 5,494.78 points i.e. 4.63 percent. While the market cap of Karachi Stock Exchange was $52.84 billion, on 29 april it fell by 100 points to $50.39 billion. This means that the Pakistani stock market has suffered a loss of $2.45 billion in a few days. According to this, the Pakistani stock market has suffered a loss of about Rs 700000 crores after the pahalgam attack.
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