Pakistan stock exchange resumes operations after fire halted trade

The KSE has in recent weeks risen to a historic high surpassing 80,000 points

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Pakistani stockbrokers look at a share price board during a trading session at the Karachi Stock Exchange. --- AFP FILE

By Reuters

Published: Mon 8 Jul 2024, 11:29 AM

Last updated: Mon 8 Jul 2024, 12:50 PM

The Pakistan Stock Exchange (PSX) resumed trading on Monday after a two-hour suspension due to a fire in the bourse's Karachi headquarters.

In a notice on its website, the exchange said trading was suspended at 10:25 a.m. (0525 GMT) and would resume at 12:25 p.m (0725 GMT).

The situation was under control, it said, and brokerage firms' staff had started returning to the premises.

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The KSE 100, the PSX's main index, has in recent months risen to a historic high, surpassing 80,000 points on the back of an International Monetary Fund bailout last summer that averted a default and more recently, amid continuing reforms under the lender's umbrella.

On Monday, after trading resumed following the fire, the KSE100 was up 0.3%, or about 260 points.

Reuters

Published: Mon 8 Jul 2024, 11:29 AM

Last updated: Mon 8 Jul 2024, 12:50 PM

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