New Delhi, May 8 -- The stock market in Pakistan faced a severe selloff on Thursday, May 8, amid an escalation in tensions with India, which sent its benchmark KSE-30 7.2% lower, prompting a trading halt.

This is the fourth straight session of losses in Pakistan's stock market. In the previous trading session, too, Pakistani stocks witnessed a meltdown after India launched military strikes against terrorist outfits in several areas in Pakistan and Pakistan-occupied Kashmir. India's response comes on the back of a terrorist attack on Indian nationals in Pahalagam in late April, which killed 26 people.

On Wednesday, Pakistan stocks had fallen as much as 6.2%, but recouped some losses to settle 3.09% lower.

At the same time, Indian stock ...