Pakistan Scared of India's Action Plan, 46 Thousand Crore Loss

Business News: Amid the growing tension between India and Pakistan, Pakistan's economy has suffered a major setback. Pakistan's stock market has registered a huge decline after India's possible military action and Prime Minister Modi's back-to-back high-level meetings. The Karachi Stock Exchange fell by more than 3% within just two hours on Wednesday, causing investors to lose about 46 thousand crore Pakistani rupees.

While on one hand the Indian Army is preparing to take a decisive step on the border, on the other hand, Pakistani investors have panicked and started withdrawing money from the stock market. The result of this was that the Karachi Stock Exchange crashed in just two hours and more than three lakh investors lost their wealth in minutes.

India's action plan created panic in Pakistan

The military activities and strategic meetings that started after the Pahalgam terrorist attack in India are clearly having an impact on Pakistan's economic health. India's war-like preparations have scared Pakistani investors. This has had a direct impact on Pakistan's stock market.

Heavy drop in Karachi Stock Exchange

By 12 noon on Wednesday, the Karachi Stock Exchange's KSE-100 index fell 3,679 points to 111,192.93. Within a short time, this figure fell by 2,675 points to 112,197.03. This fall broke the back of Pakistan's stock market. A day earlier, the KSE-100 index closed at 114,872.18, but since April 22, the index has fallen by 7,237 points i.e. 6.11%. This shows how deeply the fear of war is affecting Pakistan.

Investors lost billions in a day

On Tuesday, the total market cap of Pakistan's stock market was $51.25 billion, but by Wednesday afternoon it had dropped to $49.61 billion. That is, there was a loss of $1.64 billion (about 46 thousand crore Pakistani rupees) in just two hours. The massive sell-off in the stock market has dealt a big blow to more than three lakh investors.

What do the experts say?

Experts believe that India-Pakistan tension and the fear of possible retaliation has shaken Pakistan's economy. Investors are losing confidence and are trying to exit the market by booking profits.

Stability in Indian stock market

On the other hand, the effect of this tension was seen less on the Indian stock market. The BSE Sensex is trading at 80,387.92 with a gain of 95 points. The Sensex reached a low of 80,055 and an upper level of 80,478 during the day. The NSE Nifty also reached 24,354.10 with a gain of 18 points.