Pakistan’s benchmark KSE-100 index plummeted by 2.2% on April 29, 2025, losing 2,529.39 points in intra-day trading, driven by heightened geopolitical tensions with India and broader economic uncertainties.
By noon, the index was at 111,699.59, decreasing from the previous close of 114,872.18. It peaked at 114,066.12 and fell to a low of 111,192.92 during the trading session. The trading volume approached 74 million shares, amounting to Rs 7.22 billion, indicating a cautious sentiment among investors.
The market’s decline follows escalating tensions after the April 22 Pahalgam attack in Indian-administered Jammu and Kashmir, which India attributed to Pakistan without evidence.
Pakistan’s Information Minister Atta Tarar warned on April 28 of credible intelligence suggesting India may launch military action within 24 to 36 hours, using “baseless” Pahalgam claims as a pretext. Tarar condemned India’s unilateral stance, emphasising Pakistan’s call for a neutral, transparent investigation and its condemnation of terrorism, given its history as a victim.
Read: Tarar Warns of India’s Potential Military Action in Next 24-36 hours
Tarar criticised India’s refusal to allow an impartial investigation, warning that its “perilous course” threatens regional stability. The statement and domestic fiscal and political uncertainties have fueled market volatility as investors prepare for potential escalation.
