Trading was halted on Thursday at the Karachi Stock Exchange amid tensions heightened between India and Pakistan after Operation Sindoor. KSE100, the Pakistan Stock Exchange’s benchmark Index, witnessed a 6% decline amid reports of explosions in Lahore and Karachi. KSE100 plunged 6,948.73 points, or 6.32 percent, to 103,060.30 before the trading was discontinued.
---Advertisement---
Karachi stock exchange has tanked 13.5 per cent since Pahalgam incident
---Advertisement---
The Karachi stock exchange has tanked 13.5 per cent since the Pahalgam terror incident took place on April 22. Pakistan's stock market witnessed a similar crash after US President Donald Trump announced new tariffs. The nation's benchmark Index saw a sharp plunge by over 8700 points.
Operation Sindoor
Operation Sindoor has successfully destroyed nine anti-India Terror sites deep inside Pakistan and Pakistan-occupied Jammu Kashmir (PoJK).
The operation remains underway
Sources said, that over 100 terrorists were eliminated with a series of precision strikes launched in the early hours of May 7. The operation, aimed at avenging the Pahalgam terror attack, remains underway, making it challenging to provide an exact casualty count of the terrorists at this stage, sources further stated.
Strikes targeted nine key terror camps
The strikes, executed by the Indian Armed Forces, targeted nine key terror camps linked to Jaish-e-Mohammed (JeM), Lashkar-e-Taiba (LeT), and Hizbul Mujahideen. Four of the targets were located inside Pakistan and the remaining five were situated in Pakistan-occupied Kashmir (PoK).
In Pakistan, the security forces targeted the four terrorist camps in Bahawalpur, Muridke, Sarjal, and Mehmoona Joya.
Markaz Subhan Allah, Bahawalpur, was operational since 2015
In Bahawalpur, Markaz Subhan Allah, Bahawalpur, operational since 2015, is the main centre of JeM for training and indoctrination and serves as the operational headquarters of JeM. It is associated with terrorist planning by JeM, including the Pulwama attack on February 14, 2019. The Markaz consists of residences of JeM Chief Maulana Masood Azhar, de facto Chief of JeM Mufti Abdul Rauf Asghar, Maulana Ammar and other family members of Masood Azhar.