Kolkata: The mood of investors in Pakistan is swinging from one extreme to another as the past few days the nation swung between Indian forces hitting at military targets and terror installations in that country to a cessation of hostilities. While the Karachi Stock Exchange index KSE 100 tanked 7.6% on May 8 and trading had to be halted for hitting the lower circuit, on Monday jubilant investors pumped up the index 9.44% on May 12, forcing the authorities to halt trading for an hour.
On Monday, the KSE 100 index ended the trading session at 117,293.27, up 9.44%. The moot question: where will the market open on Tuesday? Incidentally, the Indian stock market indices Sensex 30 and Nifty 50 began with a gap down opening, despite the Asian markets trading in the green and the US markets ending at elevated levels on May 12.
For the Pakistan stock market investors, the global cues should be positive since almost all major indices from the US, Europe and Asia either closed in the green on May 12 or were trading in the green on May 13 morning. One of the recent bonus for the Pakistan economy is the IMF approving/disbursing around $2.4 billion for economic reform and climate resilience schemes and programmes.
The Pakistan Stock Exchange suffered severe volatility in the past week after India launched Operation Sindoor to target terrorist camps in Pakistan and later expanded the theatre of attack by striking airbases of Pakistan.
How will Karachi Stock Exchange open on Tuesday, May 13 and how will be the mood of investors in Pakistan? That’s the question on many lips as the market prepares for opening after dramatic rise on Monday. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
