Pakistan, May 10 -- War brings spike in some businesses and war downs several businesses - and stock exchanges are the most volatile commodity. In the aftermath of Indian missile strikes and drone intrusions, it was writing on the wall that stocks would crash. But it is heartening to see that the markets recovered swiftly after Thursday's historic fall.

On Friday, the Pakistan Stock Exchange (PSX) bounced back nearly 4,000 points, recovering 3.52% by close of day. Just a day earlier, the market had suffered its biggest-ever plunge, wiping out Rs820 billion in investor wealth following Indian drone strikes on major cities. It is hoped that no signs of further escalation will help calm investor fears. On Friday, it appeared from the very b...