Pakistan’s stock market has fallen by about 6% today on 8 May after the airstrike carried out by India in response to the Pahalgam attack. The Karachi-100 index fell by 6,482 points or 5.89% and closed at 103,526. Due to the fall, trading had to be stopped for 1 hour during the day. However, it was restarted later. Yesterday also the market fell by 3,559 points (3.13%). That is, Pakistan’s market has fallen by about 10,000 points in two days. Pakistani investors’ eyes on IMF’s decision. Investors in Pakistan are eyeing the decision of IMF i.e., International Monetary Fund. In this, IMF will decide whether to extend the funding facility given to Pakistan or not. IMF will announce its decision tomorrow i.e., on 9 May. India had carried out airstrikes on 9 terrorist hideouts in Pakistan. India had carried out airstrikes on 9 terrorist hideouts in 7 cities of Pakistan on 7 May at around 1 am. More than 100 terrorists were killed in this. The three armies together have named this strike on Pakistan as ‘Operation Sindoor’. This name is dedicated to those women whose husbands were killed by terrorists after asking their religion on 22 April in Pahalgam. This retaliatory action by India has been taken 15 days after the Pahalgam attack. Terrorists had killed 26 people in the Pahalgam attack. Three explosions in Lahore after the airstrikes. After the airstrikes, three explosions took place one after the other on Walton Road in Lahore, Pakistan today, due to which people came out of their houses in fear. ARY News gave this information quoting the police. These explosions took place around Gulbarg, which is one of the sensitive districts of Lahore. Geo-political tension not having much effect on the Indian market The geo-political tension between India and Pakistan after the airstrike is not having much effect on the Indian market. On Thursday, May 8, the fourth trading day of the week, the Sensex closed at 80,335, down 412 points. Nifty also closed 141 points down at 24,274. Out of 30 Sensex stocks, 26 closed with a decline. Zomato share has fallen by 3.97%. Mahindra, Bajaj Finance, Maruti and Tata Steel shares closed down by up to 3.5%. Whereas, HCL, Axis Bank, Kotak Bank and Titan closed up. Out of 50 Nifty stocks, 45 declined. Among the sectoral indices of NSE, Realty closed down by 2.47%, Metal by 2.09%, Healthcare by 1.95%, Auto by 1.90%, Pharma by 1.62% and Government Banking Index by 1.35%. There was a slight increase in IT and Media.
