News

PSX Stops Trading to Cool Off After First Upside Halt in 2 Years

•
5 min read
•
Legal Editorial Desk
PSX Stops Trading to Cool Off After First Upside Halt in 2 Years
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.
Share:

Editorial & Legal Practice Group

Authored and reviewed by the corporate law and tax litigation practice group at Javid Law Associates. Our team comprises High Court advocates, corporate legal advisors, and authorized tax practitioners across Pakistan.

Advocates High Court & Tax Counsel Jurisdiction: Pakistan

Need Expert
Legal Counsel?

Free Session
Initial Consultation
100% Secure
Private & Confidential

Request a Callback

Enter your WhatsApp number and our legal team will connect with you shortly.

Typical response: Prompt response during chamber hours