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Trading resumes at PSX after being suspended due to technical glitch

Trading resumes at PSX after being suspended due to technical glitch

KARACHI: Trading resumed at Pakistan Stock Exchange on Thursday after being suspended for over two hours over a technical issue. Trading had been suspended since 10:30am and resumed around noon.

The market extended buying at the resumption. It was trading at higher share prices before the fault developed. PSX benchmark KSE 100 index was up 328 points to 36,832 points at 12:13pm.

PSX has announced the market closure timing has been extended by 30 minutes to adjust the lost trading time.

Accordingly, the market will get closed at 4pm against the routine scheduled time of 3:30pm.

The stock market oscillated between green and red zones throughout the day on Wednesday but closed with a moderate increase of 100 points, supported mainly by the financial sector.

Stock investors primarily focused on the financial sector following the announcement of better results by some major banks. Post-result announcement, all the relevant stocks rose in terms of price and volume, but later profit-booking wiped out almost all the gains in the cement sector.