Pakistan Stocks Drop, Indian Assets Steady After Military Strike

Pakistan’s stocks slid, while Indian shares were steady and the rupee weakened after both countries retaliated in expected tit-for-tat blows following a militant attack last month in Kashmir.

The benchmark KSE-30 Index fell 3% on provisional basis to its the lowest since Dec. 19, after dropping as much as 6.1% at one point. India’s NSE Nifty 50 Index closed 0.1% higher after swinging between gains and losses most of the session. India’s currency fell as much as 0.5% against the dollar in choppy trade.