The Pakistani stock market collapsed due to the exchange of missiles between Iran and Pakistan, falling by more than 1,000 points.
At 4:30 a.m. on January 18, Iran claimed that nine non-Iranian citizens were killed in a Pakistani missile strike on a terrorist hideout in a border village near the city of Sistan and Salavan in Balochistan, Iran, on the border with Pakistan's Balochistan province.
This is Pakistan's response to Iran's unilateral military action: on the night of January 16, Iranian forces launched missiles and drones into the village of Green Hill near the city of Punjigur in Pakistan's Balochistan province, which Iran claims destroyed two important bases of the terrorist group "Justice Army".
Unexpectedly, the exchange of missiles between Pakistan and Iran unexpectedly caused the collapse of Pakistan's stock market. India Today reported on January 19 that Pakistan's stock market fell more than 1,000 points on January 18 after Pakistan launched missiles into Iran to strike terrorist hideouts, causing panic in Kistan's bonds and stock market.
According to the PSX website, at 10:08 a.m. on January 18, the KSE-100 index fell by 1038 points. However, it began to recover after some time, falling 770.12 points to 62,797.21 points, down 1.21% from the previous close of 63,567.33 points.
Pakistan's stock market has plummeted, in addition to the heightened geopolitical tensions between Pakistan and neighboring Iran, and more importantly, Pakistan's economy has become very bad, with inflation peaking and pushing Pakistan's economy into the abyss.
Now, the price of 12 eggs in Lahore, Pakistan has risen to 400 rupees (about 10.288 yuan), the price of chicken has exceeded 600 rupees (about 15.432 yuan) per kilogram, and the price of onions is 275 to 300 rupees (about 7.073 yuan-7.716 yuan) per kilogram. In addition to this, the price of other necessities such as eggs and so on is skyrocketing.
