KARACHI: As tensions rise between Pakistan and India, the two nuclear armed countries, the stock markets of both countries took the hit, according to data.
The Pakistan Stock Exchange plunged by more than 4,316.42 points -- around 3.64 per cent -- between April 23 and May 2 and dropped to 114,113.94 points, following the Pahalgam attack in Indian-held Kashmir that left 26 men dead.The index saw its sharpest single-day decline in recent periods on April 30, tumbling 3,545.6 points, or 3.09 per cent, to close at 111,326.58. Stocks fell across the board after government reports indicated that India might be planning military action against Pakistan. The financial markets in India were also slightly shaky. India’s benchmark stock indices, the BSE Sensex and NSE Nifty 50, posted modest gains between April 23 and May 2, 2025.
The BSE Sensex closed at 80,501.99 on May 2, up from 80,116.49 on April 23, reflecting a gain of approximately
385.5 points or 0.48 per cent over the period. The NSE Nifty 50 largely remained flat from 24,328.95 to 24,346.7, marking an increase of about 17.75 points or 0.073 per cent.
