The KSE-100 index has dropped by 8,000 points since the Pahalgam terrorist attack, if…
KSE-100 fell 3.09% or 3,545 points in the day on April 30 and dropped at 111,326.57. Big Blue chip companies like Luck, Engroh, UBL, PPL and FFC suffered the biggest losses and lowered the index by 1,132 points. After the chaos, it recovered a little in its profit on May 2.
Pakistan Army artillery was shooting at Indian targets, but blood baths took place in Karachi. Between April 22 and April 30, Pakistan's benchmark KSE-100 index fell 3.09% or 3,545 points on April 30, down 3.09% or 3,545 points on April 30, and down 111,326.57. Big Blue chip companies like Luck, Engroh, UBL, PPL and FFC suffered the biggest losses and lowered the index by 1,132 points. After the chaos, it recovered a little in its profit on May 2.
The KSE-100 scored 2,179.80 points, or 1.96%, closed Thursday, May 2 at 113,506.38. However, analysts believe this is mainly due to profitability, which could fall again if tensions in India-Pakistan do not drop significantly. Experts won't see tensions cool down any time soon.
The share price of Karachi Stock Exchange suddenly fell on April 22 after the Pahargam terrorist attack, with 26 people killed. The resistance front was a branch of Pakistan's Lashkar-e-Taiba, responsible for the attack, although it was later revoked. India closed the Atari-Waga border by putting treatment in Indian waters and demanded a short-term visa for Parker nationals to leave the country.
India-Pakistan tensions escalate further after Islamabad suspended the 1972 Shimla Agreement, shut down its space to Indian aircraft and added military presence along the control route. It triggered cross-border skirmishes.
