Pakistan’s Air Power Propels Chinese Jet Maker’s Stock After Downing Indian Aircraft

Pakistan, May 7 – The defense sector has some thrilling developments with a notable surge in the stock prices of the Chinese firm responsible for manufacturing Pakistan’s JF-17 Thunder and J-10C fighter planes. Shares of Chengdu Aircraft Corporation, which produces these aircraft utilized by the Pakistani military, skyrocketed by 18.18 percent, reflecting robust investor faith in their offerings.

Experts are linking this significant rise in share price directly to the recent operations conducted by the Pakistan Air Force. After accounts emerged of Pakistani fighter jets downing Indian aircraft, investors have demonstrated increased enthusiasm and trust in the performance of the JF-17 and J-10C models, which has boosted the company’s stock demand.

Experts in defense circles worldwide are acknowledging the impressive capabilities of Pakistan’s fighter jets, with many commending their performance. The acclaim from military observers underscores the efficiency and dependability of these planes, bolstering their standing internationally and drawing favorable interest from prospective purchasers.

On the contrary, the stock prices of Dassault Aviation, the French firm behind the Rafale jets utilized by the Indian armed forces, have seen a downturn. This decrease in share values implies that these incidents might have shaken investors’ trust in the Rafale, particularly following reports that some had been shot down by Pakistani troops.

Shares of Dassault Aviation experienced a decline of 1.64 percent, marking a significant dip in the stock market. Despite the company’s shares having risen by 3.4 percent over the past five days, this latest downward trend suggests a change in investor confidence, potentially due to the performance of their aircraft during recent conflicts.

It is crucial to remember that on the nights of May 6 and 7, India conducted missile attacks targeting five sites within Pakistani territory. In response, the Pakistan Air Force acted forcefully, bringing down five Indian planes along with three combat drones, which served as a strong show of their defense mechanisms and commitment to safeguarding their nation’s air space.