Trading halted at PSX after KSE-100 index declines over 1200 points

KSE trading PSX pakistan Stock Exchange KSE-100 1200 pointsClosing decline KSE Pakistan stock exchange points PSX Pakistan Stock exchangepoints stock market PSX pakistan stock exchangestocks 1166 points US Iran KES-100Pakistani stocks steep fall PSX Pakistan Stock Exchange PSX benchmark KSE-100 index Pakistan stock exchangePoints PSX Pakistan Stock Exchange 41 400 points new yearIMF International monetary Fund points Pakistan Stock Exchange PSX 816 points 33900 points IMF conditions
25 Mar, 2020 3:13 pm

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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