Airline and Hotel Shares Surge 10% on India-Pak Ceasefire 

Shares of airlines and hotels rose dramatically on Monday after India and Pakistan stated on Saturday that they had reached an agreement to halt all firings and military actions on land, air, and sea beginning at 5 pm that day.

The market reacted warmly to the news in today’s trading session, following days of hostility between the two countries.

The decision comes after India launched ‘Operation Sindoor’ on 7 May to target terror infrastructure in Pakistan and Pakistan-occupied Kashmir in response to the Pahalgam terrorist attack.

Investor sentiment was boosted further on 12 May when the government allowed operations to resume at 32 airports, including those in Jammu & Kashmir and Punjab, which had been temporarily…