Karachi Stock Exchange Plunges After Operation Sindoor, Sends Shockwaves Through Pakistan’s Economy

Business News: On May 6, when India attacked an accurate missile at the bases of terror in Pakistan occupied Kashmir under 'Operation Sindoor', its effect did not just remained limited geography - its earthquake reached the foundation of Pakistan's economy. India's strategic injury to terrorism was so deep that Karachi Stock Exchange Hill got up and Pakistan's economic veins started bursting.

While this campaign in India is being described as a "announcement of new military policy", this campaign in Pakistan has become a scary truth - such a truth of fear, whose echoes are being heard in the market, media and politics.

Karachi became a condolence of economy

As soon as Pakistan's stock exchange opened on Wednesday morning, winds started flying on the faces of investors.The KSE-100 index started trading at a level of 107,296.64 with a decline of 5000 points in a single stroke, which is believed to be the biggest decline of this year. The market continued to fluctuate throughout the day, but negativity was so deep that the market did not dare to handle itself.

Oil, cement, banks shared bled

The most impact was on the shares of oil and gas companies, Lucky Cement, and financial institutions.Some of these shares saw a decline of up to 7%. Investors panicked and started selling on a large scale. It seemed as if the entire Karachi was moving towards economic emergency.

Market falls since 22 April, 9000 points broken so far

The day the Pahalgam attack took place in India, from the same day the market of Pakistan started falling down.KSE-100 has fallen more than 9000 points in the last 15 days.

• Fall in a week: 7%
• Fall in a month: 9%
• Year's Return: -7%

Moody's warning: "Pakistan's back may break if Indo-Pak tension is created"

The Moody's rating agency has warned that if the tension between India and Pakistan continues to grow, Pakistan's economic condition may be worse.
He will not be able to gather financial assistance from IMF, China or other colleagues and his foreign exchange reserves will also shrink.

India's market stable, confident and strong

On the other hand, the Indian stock market may start with a slight decline, but recovered very fast.The BSE Sensex fell 900 points in the morning season, but was doing a steady trade with a decline of only 70 points until the news was written.This is a proof of India's inner economic strength and confidence of global investors.

Explosion on the border, the message in the market

Operation Sindoor did not just target the leader of terrorism - it shook the entire economic structure standing behind them.Pakistan will now not only consider its policies, but the world has also got this clear message: "India will no longer sit silent, will give answers to every attack - and its effect will not only be seen in the markets, not on the boundaries."