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Pakistan Stock Exchange plunges by over 6 per cent over rumours of Indian strike near Karachi
Updated On: 08 May, 2025 04:11 PM IST | Karachi | mid-day online correspondent
The Pakistani government said that it has taken measures to keep its foreign exchange reserves stabilised. It has imposed a 60-day ban on importing and exporting precious metals, jewellery, and gemstones from Thursday
The downward trajectory of the index was largely driven by negative contributions from key stocks such as cement, energy, bank, and technology. Representational pic
The Pakistan Stock Exchange plunged by over 6 per cent on Thursday with trading halted for an hour after rumours of escalation in military action by India near Karachi, reported news agency PTI.
The benchmark KSE100 index tumbled 6,948.73 points, or 6.32 per cent, to 1,03,060.30, before the trading was halted.
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