Pakistan KSE-100 Reference Index fell by more than 2.2% in early trade on Tuesday, throwing 2529.39 points during negotiation per day as investors reacted to broader economic concerns and weak market signs.
For noon, the KSE-100 was quoted at 111,699.59, below the previous closure of 114,872.18. The index had played a maximum of 114,066.12 at the beginning of the session, then fell to a minimum of points 111,192.92 points.
The market volume stood at almost 74 million shares, with a total value of RS7.22 billion. The merchants noticed a cautious feeling in the midst of the prevailing political and fiscal uncertainty.
High tensions between Pakistan and India after Pahalgam’s attack have weighed in the stock market since last week.
Last night, the Minister of Information declared that Pakistan has credible intelligence that indicates that India plans to launch military actions against Pakistan within the next 24 to 36 hours, using claims of unfounded participation and manufactured in the Pahalgam incident as a pretext.
The statement strongly criticized the unilateral position of India as judge, jury and executioner self -denominated in the region, rating it reckless. He stressed that Pakistan, who suffered terrorism, includes the pain caused by such violence.
“We have constantly condemned terrorism in all its forms and manifestations, wherever it happens,” the statement said. He added that Pakistan, as a responsible nation, had openly proposed a credible, transparent and independent investigation by a neutral expert commission to discover the truth.
Unfortunately, according to the statement, instead of choosing the path of reason, India seems to have opted for a dangerous course driven by irrationality.
