Trading halted at PSX after KSE-100 index declines over 1200 points
KARACHI (92 News) – Trading was halted at the Pakistan Stock Exchange (PSX) less than an hour into the morning session on Wednesday after the benchmark KSE-100 index declined more than 1200 points.
Meanwhile, the benchmark KSE-100 index tanked over 4 per cent — 1270.05 points — to reach 27,294.78. The KSE-30 index shed 5.33pc to reach 11,859.77 at 12:29pm, when trading was brought to a halt.
According to the new rules adopted by the Securities and Exchanges Commission of Pakistan in light of the extraordinary situation brought on by the virus outbreak, threshold for trading halt in individual stocks has been revised – from 7.5pc to 5pc – and that for a wider market halt has also been changed from 5pc tp 3pc linked to the large cap KSE-30 index.
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