Karachi: Due to a fire on the fourth floor of the bourse, trade at the Pakistan Stock Exchange (PSX) was suspended for two hours before it was restarted on Monday.
The fire, which was started by a short circuit, was put out with the help of five fire tenders, one snorkel, and a browser.
however,however,Trading was initially halted owing to the incident earlier in the day, however it was subsequently resumed after the fire was brought under control. The PSX building was evacuated.
H.Hashmi,PSX’s General Manager and Chief Market Operations Officer Jawad H Hashmi issued a statement that read, “It is hereby informed to all TRE Certificate Holders and concerned that the trading in all securities has been temporarily suspended from 10:25 am to 11:25 am today.”
The official added that several of the businesses are unable to enter the facility.
The fire broke out at about eight in the morning, according to the PSX management. Some material losses have been incurred, but no fatalities have been reported as a result of the incident.
Deputy Commissioner Altaf Sario visited the scene of the event to assess the rescue efforts and stated that the fire was not a dangerous one.
