The Pakistan Stock Exchange (PSX) has set 60 minutes for Index-Based Market Halt. Accordingly, the Index-Based Market Halt shall be applicable in the last 75 minutes prior to the close of the market.
KSE-30 Index continues to trade 5%, above or below its last day closing index value for consecutive 5 minutes, the trading in all securities shall be halted for such duration as specified by the exchange.
ALSO READ
SECP is Taking Several Measures to Encourage Investment in Exchange Traded Funds
Upon imposition of a market halt, the following measures shall be taken:
- All equity and equity-based derivative markets shall be suspended.
- The market shall have a five (05) minutes pre-open before its re-opening.
- NCCPL shall collect margins including Mark-to-Market losses from its Clearing Members as per its Regulations.
- Only those BCMs shall be allowed to trade after the resumption of trading for that day which have deposited the required margins with NCCPL.
- Provided that the market halt shall not be applicable in case the KSE-30 index moves beyond 5% during such duration prior to the close of the market as specified by the Exchange.
