<p>Karachi: The <a href="https://www.deccanherald.com/tags/pakistan">Pakistan</a> Stock Exchange (PSX) lost 6,500 points on Wednesday amid an escalation of military confrontation between India and Pakistan in the wake of the Pahalgam terror attack.</p>.<p>The market saw investors in panic mode in intra-day trade as the benchmark KSE-100 index decreased by 6,560.82 points, or 5.78 per cent, to stand at 107,007.68 from the last close of 113,568.50 when the market opened this morning.</p>.<p>Due to the massive dip, the market was immediately suspended briefly. This is the second-largest intraday tumble (points-wise), second to the 8,700 points loss that happened in the US last month after President Donald Trump’s trade tariff announcements.</p>.<p>Fatima Bucha of AKD Securities said the market showed signs of recovery after 11 am, reaching 112,457.37 points, before declining to 111,171.92 points at 12 pm.</p>.'A courageous reply' and 'an apt name', says Pahalgam victim's daughter on Operation Sindoor.<p>“This was expected in the market for days because of the fears about military strikes by India,” she said.</p>.<p>“The market opened under pressure this morning and some selling has been observed, though volumes remain low as investors assess the evolving situation,” she said.</p>.<p>Other financial analysts also put down the dip in the market to the escalation in hostilities in the region.</p>.<p>One analyst, Shahbaz Ashraf, chief investment officer at Frim Ventures, said investors are cautiously hopeful that the conflict will remain short-lived with likely mediation from global powers.</p>.<p>India launched ‘Operation Sindoor’ targeting terror infrastructure in Pakistan and Pakistan-occupied Kashmir in a strong response to the terror attack in Pahalgam. The April 22 attack, carried out by the terror organisation The Resistance Front, killed 26 civilians. </p>
<p>Karachi: The <a href="https://www.deccanherald.com/tags/pakistan">Pakistan</a> Stock Exchange (PSX) lost 6,500 points on Wednesday amid an escalation of military confrontation between India and Pakistan in the wake of the Pahalgam terror attack.</p>.<p>The market saw investors in panic mode in intra-day trade as the benchmark KSE-100 index decreased by 6,560.82 points, or 5.78 per cent, to stand at 107,007.68 from the last close of 113,568.50 when the market opened this morning.</p>.<p>Due to the massive dip, the market was immediately suspended briefly. This is the second-largest intraday tumble (points-wise), second to the 8,700 points loss that happened in the US last month after President Donald Trump’s trade tariff announcements.</p>.<p>Fatima Bucha of AKD Securities said the market showed signs of recovery after 11 am, reaching 112,457.37 points, before declining to 111,171.92 points at 12 pm.</p>.'A courageous reply' and 'an apt name', says Pahalgam victim's daughter on Operation Sindoor.<p>“This was expected in the market for days because of the fears about military strikes by India,” she said.</p>.<p>“The market opened under pressure this morning and some selling has been observed, though volumes remain low as investors assess the evolving situation,” she said.</p>.<p>Other financial analysts also put down the dip in the market to the escalation in hostilities in the region.</p>.<p>One analyst, Shahbaz Ashraf, chief investment officer at Frim Ventures, said investors are cautiously hopeful that the conflict will remain short-lived with likely mediation from global powers.</p>.<p>India launched ‘Operation Sindoor’ targeting terror infrastructure in Pakistan and Pakistan-occupied Kashmir in a strong response to the terror attack in Pahalgam. The April 22 attack, carried out by the terror organisation The Resistance Front, killed 26 civilians. </p>