Pakistan Stock Market Plummets After India Strikes Back
The Pakistan Stock Exchange faced a significant drop, with the KSE-100 index plummeting by 2,111 points, or 1.80%, following India's firm diplomatic response to a terror attack in Jammu and Kashmir. Investors showed caution due to geopolitical tensions and a revised GDP forecast for Pakistan from the IMF. Meanwhile, India took decisive actions, including revoking visas for Pakistani nationals and closing the integrated check post at the Attari-Wagah border. Historically, the KSE-100 has reacted negatively to such events, reflecting the impact of India-Pakistan relations on market stability.
