Pakistani Markets Decline After Indian Airstrike on Terror Camps in Pakistan and PoK

Following India’s airstrike on nine terrorist camps in Pakistan and Pakistan-occupied Kashmir (PoK), the Pakistani stock market witnessed a sharp decline on May 7.

Pakistan’s benchmark stock index, the Karachi-100 (KSE-100), dropped nearly 6% in early trading, falling to the 107,300 level. However, it has since shown some signs of recovery.

As of around 1 PM, the KSE-100 index was down by 2,700 points or approximately 2.5%, trading near the 111,000 level.

No Impact on Indian Markets

Meanwhile, the Indian stock market has remained largely unaffected by the airstrike. The Sensex is trading around 80,550, down by about 100 points. The Nifty has also seen a decline of nearly 50 points, currently trading at 24,350.

Operation Sindoor: 9 Terror Camps Targeted

India conducted the airstrike at around 1:30 AM on Wednesday night, targeting nine terrorist camps located across seven cities in Pakistan. Over 100 terrorists are reported to have been killed in the operation.

This retaliatory action, named Operation Sindoor, comes 15 days after the Pahalgam attack. The operation is dedicated to the women whose husbands were killed by terrorists in Pahalgam on April 22.