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02:46
Pakistan: Pakistan stock exchange witnesses sharp decline after India's midnight airstrikes
SHOTLIST: - KARACHI, PAKISTAN (MAY 7, 2025) (ANADOLU - ACCESS ALL) 1. PAKISTAN STOCK EXCHANGE EMPLOYEES 2. BROKERS TRADING ON STOCK EXCHANGE 3. SCREENS SHOWING STOCKS TRADED ON STOCK EXCHANGE 4. STOCK EXCHANGE EMPLOYEESKARACHI, PAKISTAN - MAY 7: The Pakistan stock exchange on Wednesday, May 7, saw a sharp decline in the opening hours, losing over 5%, after India’s midnight airstrikes on nine locations in Pakistan and Pakistan-administered Kashmir. Earlier Wednesday, India said it launched midnight strikes on cities in Pakistan and Pakistan-administered Kashmir, targeting "nine terrorist locations." After the attack, Pakistan summoned an emergency meeting of its top security body to discuss the situation after overnight Indian military strikes that killed at least 26 people. Pakistan said the attack violates its sovereignty and it reserves the right to respond. The escalation between the nuclear-armed neighbors comes in the wake of April 22 attack in Pahalgam, Indian-administered Kashmir in which 26 people were killed. India had blamed Pakistan for the attack, claiming there were cross-border links. Pakistan denied its involvement and offered a neutral probe with third-party monitoring. Both countries took a plethora of measures against each other after the attack, including the suspension of visas and the expulsion of diplomats.
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