Trading activity at the Pakistan Stock Exchange (PSX) was temporarily suspended on Monday morning after the main bourse recorded over 9 percent increase from the previous day’s close.
At 9:32 AM, the benchmark KSE-100 index was up by 9,929 points or 9.2 percent to rise as high as 117,104.
Pertinently, this upside market halt has happened after 2 years. It will reopen after 1 hour.
The massive growth triggered an automatic Market Halt under PSX regulations.
According to the official notification, all equity and equity-based markets were halted at 9:37 AM, with the pre-open session scheduled to begin at 10:37 AM and full market resumption expected at 10:42 AM.
As per standard protocol, all outstanding orders were cancelled automatically by the system as a result of the halt. The PSX emphasized that the measure was in line with regulatory guidelines designed to ensure orderly market functioning during significant price movements.
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