Pakistan stock exchange resumes operations after fire halted trade

A fireman controls waterpipes as he works after a fire broke out in the Pakistan Stock Exchange building in Karachi, Pakistan July 8, 2024. REUTERS/Akhtar Soomro

Source: REUTERS

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.

This article was produced by Reuters news agency. It has not been edited by Global South World.

By Reuters