US EditionPakistan stock market: Karachi stock exchange crashes 6% after India's Operation Sindoor
- On May 7, 2025, Pakistan's Karachi Stock Exchange benchmark KSE-100 index experienced a sharp decline of 6,560.82 points, or 5.78%, as markets reacted to India's overnight Operation Sindoor air strikes targeting multiple militant locations within Pakistani territory and the region of Pakistan-administered Kashmir.
- This market plunge occurred amid heightened India-Pakistan tensions sparked by a deadly April 22 terrorist attack in Pahalgam that killed 26 people, prompting India to conduct retaliatory precision strikes without Pakistan targeting military facilities.
- The PSX experienced intraday drops exceeding 6,500 points with panic selling and low volumes, while Pakistani officials reported Pakistan's military downed five Indian jets in response to the strikes.
- Market experts attributed the sell-off to geopolitical risks; Yousuf M. Farooq expected recovery after de-escalation, while Moody's warned tensions could hamper Pakistan's growth and fiscal consolidation.
- Analysts remained cautiously optimistic, viewing the correction as temporary and a potential buying opportunity, expecting the market to regain stability once tensions ease and macroeconomic indicators improve.
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Operation Sindoor aftermath: Pakistan's stock markets bleed, trading halted as Karachi index tanks
On May 7, Pakistan's benchmark equity index, the KSE-100 Index, fell as much as 5.7 per cent, marking its largest drop since 2021, before recovering slightly to a loss of 3 per cent
·Mumbai, India
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Pakistan stock market: Karachi stock exchange crashes 6% after India's Operation Sindoor
India-Pakistan conflict: Pakistan's main stock market index, the Karachi-100, plunged by 6,272 points or nearly 6 per cent during early trading on Wednesday, hitting a low of 107,296.64 compared to Tuesday's close of 113,568.51.
·New Delhi, India
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