Terror Strike Impacts J&K Bank's Market Performance

In a shocking turn of events, Jammu and Kashmir Bank witnessed a steep 10% drop in its stock value, closing at Rs 103 on Wednesday. This dramatic decline was directly linked to a devastating terror attack in Pahalgam, where 26 tourists lost their lives during the peak travel season.

Tourism Revenue at Risk

The attack not only resulted in tragic loss of life but also prompted numerous tourists to abruptly end their visits, dealing a significant blow to the region's tourism-dependent economy. Jammu and Kashmir, known for its breathtaking landscapes, relies heavily on tourism as a major revenue source.

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