Suspended

The stock market in Pakistan stopped trading for an hour this morning, after the “KSE 30” index fell, according to a statement issued on the stock exchange website. The step came within the framework of the mechanism to stop the automatic losses that are activated when the index drops by 5% or more during the trade session. After resuming trade, the index continued with the decline, with a decrease of 6.19%, amid a strong sales pressure. The decline comes amid a decline in the morale of investors after the aggravation of military tension with neighbor India after an armed attack that occurred last month in the disputed Kashmir, which led to 26 people. India performed specific military strikes on Pakistan yesterday, which he believes has shot five Indian aircraft in what Pakistani defense minister Khawaja Muhammad described it during a television interview as “not hostile action, we only defend our countries.” “Pakistan’s Indian driving plane reports indicate an increase in escalation,” said Ali Reda, head of global stock trading at BMA Capital Management in Karachi, told Bloomberg. He added: “Unless a ceasefire or diplomatic shift occurs, the tension will remain high, which negatively affects the morale of the investors.” Relations quickly deteriorated between the two nuclear -armed neighboring neighboring Asia to the Kashmir attack, which described India as a ‘terrorist act’. The Government of Prime Minister Narendra Modi has accused Pakistan of involvement and promised to punish officials. On the other hand, Pakistan denied any link after the attack and threatened to respond if India took military measures.