Pak-India tensions: Stock exchanges of Pakistan, India decline sharply

Karachi: After the clashes between Pakistan and India, a severe downturn in business is being seen in the Pakistan Stock Exchange and the Mumbai Stock Exchange.

After the cowardly attack on Pakistan by India late last night and Pakistan's retaliation, business started badly in India's Mumbai Stock Exchange in the morning.

India's Mumbai Stock Exchange saw a decline of more than one percent in business, and the Sensex index went below 80,000.

There is also a negative trend in business in the Pakistan Stock Exchange, and the 100 Index is trading at 110,285 points after a decrease of 3,282 points.

On the other hand, after the Pakistan-India clashes, falling crude oil prices in the global market got support, and the price of crude oil increased by one percent, while gas prices also increased by 2 percent.

According to the report, Brent crude oil is being sold at $62.52 a barrel, WTI crude oil is at $59.54 a barrel, and gas is being sold at $3.55 a barrel per MMBTU.