Pakistan Stock Exchange: After the terrorist attack in Pahalgam, Jammu and Kashmir, the condition of Pakistan's stock market is very bad. As soon as the market opened on Friday, a sharp fall of 2.12 percent was seen in KSE-100.

Pakistan Stock Exchange: Pakistan Stock Exchange (PSX) witnessed a huge decline on Friday, 25 April. There has been a decline of more than 2500 points in two consecutive trading sessions. There is an atmosphere of devastation in the stock market of Pakistan after the terrorist attack in Pahalgam, Jammu and Kashmir. 

PSX website went offline

Within five minutes of trading on Friday, the Karachi Stock Exchange's flagship index, the KSE-100, which includes Pakistan's top listed companies, saw a sharp fall of 2.12 percent. After this, the index came down to 114,740.29 points.

Apart from this, today the PSX website went offline for some time. The message 'We'll be back soon' started appearing on the website. Even though it was claimed that routine maintenance work of the website is going on, from time to time rumors of a fall in the market were spread and further panic was created among the investors. 

Pakistan's growth forecast rate also decreased

The International Monetary Fund (IMF) has also reduced Pakistan's growth rate forecast to 2.6 percent in its World Economic Outlook. In fact, the Pakistani stock market is in turmoil after India retaliated after the deadly terrorist attack on tourists in Pahalgam , Kashmir.

India decided to suspend the Indus Water Treaty with immediate effect, closed the Attari-Wagah border. Along with this, several tough diplomatic and economic actions were also announced, including the cancellation of the SAARC visa exemption scheme for Pakistani citizens. This has further increased the tension on the border between Pakistan and India.

Pressure on Pakistan's economy 

Pakistani newspaper Dawn wrote in its report, "India's sharp reaction and growing fears of military conflict have put Pakistan's fragile economy under tremendous pressure."

PC: ABP News