The KSE-30 index, which is the benchmark for the Pakistani stock market, fell 7.2%. Stock trading was suspended for one hour in accordance with regulations. The Pakistani military said earlier that it had shot down 12 Indian drones. “Reports of an Indian drone being shot down in Pakistan indicate an escalation of tension.” Ali Raza, head of international stock trading at BMA Capital Management, said, “If a cease-fire or diplomatic progress is not achieved, the tension will continue, which is bad for investor sentiment.” The KSE-100 index also fell more than 6%.

The KSE-30 index, which is the benchmark for the Pakistani stock market, fell 7.2%. Stock trading was suspended for one hour in accordance with regulations. The Pakistani military said earlier that it had shot down 12 Indian drones. “Reports of an Indian drone being shot down in Pakistan indicate an escalation of tension.” Ali Raza, head of international stock trading at BMA Capital Management, said, “If a cease-fire or diplomatic progress is not achieved, the tension will continue, which is bad for investor sentiment.” The KSE-100 index also fell more than 6%.