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[hfe_template id='11223'] [ad_1] The colour of "Operation Sindoor" was starkly split on trading screens across the subcontinent on Wednesday—blood red in Karachi and calm green in Mumbai. As India launched a tri-services strike on terror hubs across Pakistan and Pakistan-occupied Kashmir, Pakistan’s benchmark KSE-100 index sank 6%, while Indian equities overcame early jitters to trade higher, signalling investor confidence in domestic fundamentals. The military strike, in retaliation for the deadly April 22 attack in Pahalgam that killed 26 people, sent shockwaves through Pakistani markets. The KSE-100 index plunged 6,272 points, or 5.5%, to 107,296 in early trade, marking a sharp downturn after India’s surprise Operation Sindoor. In contrast, Dalal Street remained unfazed by the military escalation. After an initial dip, India’s equity markets recovered swiftly. The BSE Sensex rose 166 points, or 0.21%, to 80,802, while the Nifty 50 gained 59 points, or 0.24%,...

[hfe_template id='11223'] [ad_1] Dollar bonds and stocks in Pakistan are poised for the worst month since 2023, as escalating tensions with neighbor India roil investor sentiment. Pakistani stocks are underperforming peers in April while dollar bonds and the rupee also fell, amid the threat of war with neighbor India. Pakistan’s Information Minister Attaullah Tarar Wednesday said India would carry out military action in the next 24 to 36 hours, adding Pakistan would respond “assuredly and decisively.” Relations between the nuclear-armed neighbors deteriorated after 26 people were killed on April 22 in an attack on an area in the Jammu and Kashmir region. New Delhi has accused Pakistan of involvement, a claim Pakistan has denied. “The outlook in the near term is uncertain and therefore we can expect further slight weakness since additionally, the US tariffs are an overhang,” said Thomas Hugger, chief executive officer and fund manager at Asia Frontier Capital Ltd. in Hong...

[hfe_template id='11223'] [ad_1] The Pakistan Stock Exchange (PSX) opened sharply lower on Thursday after India imposed a series of tough diplomatic measures on Pakistan, following the Pahalgam terror attack that killed 26 people. The benchmark KSE-100 index dropped 2.12%, or 2,485.85 points to 114,740.29 within the first five minutes of trading, as investors reacted to the escalating geopolitical tensions. India’s Ministry of External Affairs announced several decisions, including the suspension of the Indus Waters Treaty and the immediate closure of the Wagah-Attari border. Visa exemptions under the SAARC framework for Pakistani nationals have also been revoked. This comes a day after the PSX had already ended sharply lower on Wednesday, following the International Monetary Fund’s move to slash Pakistan’s GDP growth forecast to 2.6%. Adding to the pressure, Fitch Ratings highlighted concerns over the weakening rupee, political instability, and security unrest in Kashmi...