Pakistan’s stock exchange halts trading for an hour, exchange notification shows

Stockbrokers watch an index board showing the latest share prices during a trading session at the Pakistan Stock Exchange (PSX) in Karachi, Pakistan, on September 20, 2021. (AFP/File)

• A 5 percent increase in KSE-30 index from previous day’s close led to market halt as per stock market regulations
• Development takes place amid Saturday’s ceasefire announcement between India and Pakistan after clashes

Pakistan’s stock exchange halted trading on Monday for an hour, according to an exchange notification, after the benchmark KSE-100 share index rose 8.84 percent in early trade.

A 5 percent increase in the KSE-30 index from the previous trading day’s close led to a market halt as per stock market regulations. All equity and equity based markets have been suspended, as per the notification.

Markets will reopen at 10:42 a.m. local time (0542 GMT).

Saturday’s ceasefire in the Himalayan region, announced by US President Donald Trump, followed four days of intense firing and diplomacy and pressure from Washington.
Indian shares also rallied on Monday.