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| SOURCE: GOOGLE |
The first day of the stock market, trading suspended during lock down
Trading on the first day of trading on the Pakistan Stock Exchange was temporarily suspended for two hours during the lock down.
The Pakistan Securities and Exchange Commission yesterday announced to keep the stock market open and operational.
At the start of trading on Tuesday, March 24, the stock market's 100 index was at 30,667 points, but it fell to 28,840 after trading below the level of 29,000 during trading.
The 100 index fell 18.9 points to 5.96 percent during trading.
In view of the current situation, the SECP issued a directive to PSX that trading in the stock market would be resumed at 11 am while the duration of the market hut would also be extended from 45 minutes to 2 hours.
These instructions are from March 24 to the next 15 days.
In this regard, arrangements have been made to keep up with minimum manpower in all the entities associated with the capital markets including the Pakistan Stock Exchange, Pakistan Mercantile Exchange, National Clearing Company, Central Depository. ۔
At the request of the SECP, the Government of Sindh has added a list of essential services to the SECP and the stock market, where business continuity will be continued with the minimum workforce, while most of the employees of these companies are providing services from their homes.
Source: SAMAA TV
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