Pakistan, May 7 -- Exciting news for the defense industry as shares of the Chinese company that builds Pakistan's JF-17 Thunder and J-10C fighter jets have seen a significant jump. Chengdu Aircraft Corporation, the manufacturer behind these aircraft used by the Pakistan Army, experienced an impressive 18.18 percent rise in its share price, signaling strong market confidence in their products.
Analysts are attributing this notable increase in share value directly to the recent actions of the Pakistan Air Force. Following reports of Pakistani jets successfully shooting down Indian aircraft, investors have shown renewed interest and confidence in the capabilities of the JF-17 and J-10C models, driving up demand for the company's stock.
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