A negative trend is being observed in the Pakistan Stock Exchange (PSX) during today’s trading session, according to national media, as KSE-100 Index has dropped by over 3,600 points.
On Tuesday, trading in the Pakistan Stock Exchange remained positive, with the 100 Index closing at 114,872 points after gaining 808 points. However, on Wednesday, a negative trend is being seen in the stock market, and the 100 Index has dropped by 3,646 points.
The stock exchange’s 100 Index has fallen by 3,646 points to trade at the 111,226 level. Meanwhile, a negative trend is also being observed in India’s Mumbai Stock Exchange.
The reason behind the negative trend in both countries’ markets is the escalating tension between Pakistan and India, which began with the Pahalgam incident in which 28 people died.
Immediately after the Pahalgam incident, India blamed Pakistan and initiated retaliatory actions, to which Pakistan responded strongly. Last night, Information Minister Atta Tarar said that India might launch an attack within the next 24 to 36 hours, further escalating the situation.
