On Thursday, in the initial hours of trading, the index dropped by over 2,500 points but managed to recover some losses, showing a decline of 786 points by 11:00am, hovering at 116,439.83, down from the previous close of 117,226.15.

Market analysts suggest that rising tensions between Pakistan and India may have contributed to the stock market’s downturn.

The situation escalated after India suspended the Indus Waters Treaty with Pakistan, following a deadly attack on tourists in Indian-administered Jammu and Kashmir, which New Delhi attributed to Pakistan.

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Globally, stock markets also faced challenges, with investors reacting to mixed signals from the U.S. administration regarding tariffs and the Federal Reserve’s leadership.

Recent comments from U.S. President Donald Trump regarding Fed Chair Jerome Powell have left investors uncertain about future economic policies.

As the trading day progresses, market participants are closely monitoring developments both locally and internationally, which could further impact investor sentiment.