Stock Market Highlights: Sensex ends 106 pts higher after India launches Operation Sindoor; Nifty above 24,200

Pakistan’s international bonds rose on Wednesday and stocks cut hefty losses after India launched strikes on the country in response to April’s tourist killings, sparking the worst fighting in over two decades between the nuclear-armed enemies.

The country’s international bonds gained nearly 1 cent, reversing losses of the same amount during early trading, according to Tradeweb data. The 2031 bond, which notched the biggest gains, was bid at just over 81 cents in the dollar.

The country’s benchmark share index slipped 2.2%, clawing back much of its losses after opening 5.78% lower, while the Pakistani rupee weakened a touch to stand at 281.25 to the dollar.