Pakistan’s benchmark KSE-100 index fell by over 2.2% in early trade on Tuesday, threw 2529.39 points under trading within the day when investors responded to wider financial concerns and weak market codes.

At noon, KSE-100 to 111,699.59, down from the previous end of 114,872.18. The index had affected a high of 114,066.12 earlier in the session, then slipped to a low point 111.192.92 points.

Market volume amounted to almost 74 million shares with a total value of RS7.22 billion. Dealers noticed cautious mood in the midst of the ruling political and fiscal uncertainty.

Increased tension between Pakistan and India after the Pahagam attack has weighed in the stock market since last week.

Last night, the Minister of Information stated that Pakistan possesses credible intelligence indicating that India plans to launch military action against Pakistan within the next 24 to 36 hours using baseless and fabricated claims of involvement in the Pahagam incident as a pretext.

The statement strongly criticized India’s unilateral attitude as a self -proclaimed judge, jury and executioner in the region and called it ruthless. It emphasized that Pakistan, who has suffered from terrorism himself, understands the pain caused by such violence.

“We have consistently condemned terrorism in all its forms and manifestations wherever it appears,” noted the statement. It added that Pakistan, as a responsible nation, had openly proposed a credible, transparent and independent study from a neutral expert commission to reveal the truth.

Unfortunately, says the statement, instead of choosing the path of reason, India seems to have chosen a dangerous course driven by irrationality.