PSX activates market halt action
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KARACHI: Pakistan Stock Exchange (PSX) has triggered a market halt at 9:37 am which will last for 45 minutes. The market halt is triggered as a standard protocol for risk management purposes, a press release of PSX said here on Monday.
“Market halt” procedure has been introduced by SECP in PSX regulations in December of 2019. The action triggers when the KSE-30 index moves 4 % either way and remains there for 5 consecutive minutes, it added.
The objective of introducing market halt is to safeguard investors and market participants during volatile markets. During this halt, trading in all securities remains temporarily suspended in order to ensure a cooling off period and run a mark to market activity as a risk management measure.
PSX remains at the forefront of the Capital market to provide a fair, transparent, and efficient marketplace for the benefit of investors, issuers and all stakeholders.
