Due to a technical fault trading has been suspended by Pakistan Stock Exchange (PSX). In the trading network, limited access for few brokerages was seen that has led to the temporary suspension of Pakistan Stock Exchange.
It was reported by multiple brokerage houses that they were not able to place their orders, as per the PSX notice.
The notice read, “Due to some technical issues identified in the trading system of the exchange, where more than 25 brokerage houses were unable to access the trading network, the trading has been temporarily suspended by the PSX.”
Furthermore, the notice added that the resumption timing of the trading network will be notified in due time.
When the trading was suspended the benchmark PSX 100 Shares Index was at 36,688, 186 points up.
On Wednesday, the market closed green with the KSE-100 Index making an intraday high of 329 points. It closed with a net gain of 100 points or 0.28% at 36,504.25. Due to the massive earnings posted by major banks including Habib, MCB and United, the investors must have been satisfied.
Due to positive upcoming corporate results, activity has gained momentum that is encouraging the participants to develop positions early in cement industry, banks and chemicals market. But today as we mentioned earlier, trading at PSX has been suspended due to a technical fault, which may affect the stock market.