The Pakistan Stock Exchange (PSX) witnessed a strong decrease at the beginning of the negotiation today, since the KSE-100 index fell by 2,485 points at the beginning of the session, falling to 114,740 points.
As the day progressed, the market showed signs of slight recovery, reducing the loss to 1196 points. At noon, the current index was at 116,030.02 points.
This strong fall occurs in the midst of continuous volatility in recent commercial sessions. Although the market had previously touched a historical maximum, crossing the 120,000 mark earlier this year, the feeling has become bassist, with decreases registered for consecutive days, included yesterday.
Market analysts attribute fluctuations to uncertainty and the inverting of investors after the recent rally.
The fall follows the tensions between New Delhi and Islamabad after a deadly attack in Pahalgam, Jammu and Kashmir (Iiojk) illegally occupied, where 26 tourists were killed and another 17 injured.
India had suspended the 1960 Indo Water Treaty with immediate effect, closed the Attari-Wagah border crossing and prohibited Pakistani citizens from entering the country. Those who were already in India were ordered to leave within 48 hours.
In addition, the Indian government expelled all the Pakistani military advisors of the High Commission of Pakistan in New Delhi and reminded its own military service advisors and auxiliary personnel of the high commission in Islamabad.
India also asked Pakistan to reduce the strength of his diplomatic personnel in New Delhi from 55 to 30, indicating a strong reduction in diplomatic relations.
