Pakistan Stock Exchange(PSX) crashed soon after opening on Wednesday as the benchmark KSE-100 Index dropped -5016.43 points to 108,552.07 against 113,568.50 points in the previous session.
The stock market plummeted amid an escalation of tensions between nuclear-armed Pakistan and India. Following the steep decline, trading was suspended.
Across-the-board selling pressure was observed in key sectors including commercial banks, oil and gas exploration companies, OMCs, power generation, and refinery. Index-heavy stocks, including OGDC, PPL, POL, HUBCO, SNGPL, and SSGC, traded in the red.
At least 8 Pakistanis were martyred and 35 were injured in Indian missile attacks inside Pakistan at 6 locations, Director General of Inter-Services Public Relations (DG ISPR) Lt Gen Ahmed Sharif Chaudhry said in a press conference in the wee hours of Wednesday.
The ISPR spokesperson said Indian missiles were launched at sites including Bahawalpur, Kotli, and Muzaffarabad cities.
In retaliation, the Pakistan military brought down five Indian Air Force jets.
