Pakistan stock market hit hard, KSE100 falls 500 points after India's 'surgical strike' across LoC

The Pakistan Stock Exchange was hit hard following the Indian Army’s announcement of a ‘surgical strike’ across LoC. The benchmark KSE 100 tanked more than 500 points before it made a little recovery.

The KSE100 index was at its day high of Rs 40,861.27, before taking a dive and falling 532 points to Thursday’s low of 40,328.93 level. 
However, it recovered a bit after Pakistan denied a ‘surgical strike’ and Pakistani Prime Minister Nawaz Sharif claimed that the administration was prepared for country’s safety and defence. 

The DGMO on Thursday announced that surgical strikes were conducted on seven terror launch pads at the Line of Control LoC on Wednesday night.

"Significant casualties have been caused in these strikes," DGMO Lt General Ranbir Singh said adding, "the operation has now ended." "The strikes targeted the terrorists and those backing them," the DGMO said.