Pakistan stock market: KSE 100 index dips as New Delhi intensifies diplomatic pressure on Islamabad

Pakistan stock market's benchmark index, Karachi Stock Exchange 100 (KSE 100), dipped 0.33% in intraday trade on Monday, May 19, as India intensified diplomatic pressure on its neighbouring country.

The Indian government has decided to send all-party delegations to 33 global capitals to brief global leaders on India's resolve to deal with terrorism firmly against the backdrop of Operation Sindoor.

The KSE 100 index opened in the green at 120,166.7, but soon erased losses to trade in the red. It hit the day's low of 119,250.68, as against its previous close of 119,649.14.

This is the second straight day of fall for the Pakistan stock market's flagship index. Meanwhile, the index has dipped in three of the last four trading sessions.

However, so far in May, the KSE 100 index has risen over 7%, boosted by a ceasefire between India and Pakistan following four days of heavy clashes.

More to come…

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