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Operation Sindoor: Pakistan stock market bleeds, Karachi index tanks 5.5%

Business Standard LogoBusiness Standard17h ago

Operation Sindoor: Pakistan stock market bleeds, Karachi index tanks 5.5% - Business Standard

Quick Summary:

Pakistan's key stock market index, Karachi-100, tumbled 6,272 points (5.5 per cent) in early hours on Wednesday, dropping to a low of 107,296.64, against Tuesday's closing level of 113,568.51.

Meanwhile, Pakistan violated ceasefire across the Line of Control (LoC) yet again, soon after the strikes by India, and carried out heavy firing along the border.

Soon after the Pahalgam attack, India announced suspension of the Indus Waters Treaty, revocation of all visas issued to Pakistani nationals, and declaring Pakistani officials in the High Commission as "persona non-grata".


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 10:23:31 (17 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 425 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 28460681

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 326 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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The story "Operation Sindoor: Pakistan stock market bleeds, Karachi index tanks 5.5%" was covered 17 hours ago by Business Standard, a news publisher based in India.

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