On May 8, Pakistan stock market suspended trading after key stock indexes plummeted more than 7%.

The KSE-30 index, which is the benchmark in the Pakistan stock market, fell 7.2%, while the KSE-100 index fell 7.65%. Stock trading is suspended for one hour according to regulations.

According to the latest CCTV News report, on May 8, dense anti-aircraft guns and air strike alarms came from near Walton Airport (old airport) in Lahore, Pakistan.

According to AFP, the Pakistani Prime Minister said he would avenge those who died in Indian attacks.

The Pakistani military previously said it had shot down 12 Indian drones.

According to the latest news from Pakistan's "Dawn" and other media on the 8th, Chaudhry, director of the Pakistani Army News Bureau, said on the same day that the Pakistani armed forces are on a "high alert" and have destroyed 12 drones at multiple locations so far.

No official response from India has been seen to the above news.

“Reports of Indian drones being shot down in Pakistan show tensions escalating,” said Ali Raza, head of international equity trading at BMA Capital Management. “If a ceasefire cannot be achieved or diplomatic progress is not achieved, it will continue, which is not good for investor sentiment.”

According to CCTV News, the latest statement from the Indian Defense Minister said that the "Cinnabar Operation" is still continuing and he does not want the situation to escalate but will not retreat.

On the 8th local time, Indian Defense Minister Singh said that about 100 "terrorists" were killed in the precise strike of Operation Cinnabar. As the action is still in progress, no further details can be disclosed at this time. "We don't want the situation to escalate, but if Pakistan takes action, we won't back down."

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