News

Pakistan benchmark index ends 7% lower amid India-Pakistan tensionsThe trading was briefly halted during the day. The index closed at 102,674.1— down by 7,334.93 points or 6.67%. The fall comes on the heels of Wednesday’s (May 7) crash, when the KSE-100 plunged over 6,500 points, wiping out nearly 6% of its value.By Asmita Pant  May 8, 2025, 6:33:26 PM IST (Updated)1 Min ReadThe Pakistan Stock Exchange (PSX)'s benchmark KSE-100 Index plunged 7.6% to an intraday low of 101,598.91 on Thursday (May 8), down from the previous close of 110,009.03. Intraday, the benchmark fell as much as 9.2%, tumbling from a high of 111,881.03, the biggest single-day fall since 2008.

Earlier in the session, the index staged a strong recovery, bouncing back from one of its steepest single-day losses in history on hopes of de-escalation of geo-political tensions. The benchmark KSE-100 Index surged by nearly 1,800 points in the opening hours of trading.

The trading was briefly halted during the day. The index closed at 102,674.1— down by 7,334.93 points or 6.67%.

The fall comes on the heels of Wednesday’s (May 7) crash, when the KSE-100 plunged over 6,500 points, wiping out nearly 6% of its value. It marked one of the sharpest single-day declines in the bourse’s history, triggering panic across financial markets.

The sell-off was sparked by news of India’s precision military strike, Operation Sindoor, which targeted nine sites linked to terrorism — four within Pakistan and five in Pakistan-occupied Kashmir. The action was in response to a deadly terror attack in Pahalgam.

Catch all the live action from India Pakistan conflict with CNBC-TV18.com's blog Continue ReadingFirst Published: May 8, 2025 11:29 AM ISTCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsPakistan