KARACHI: Amid soaring coronavirus cases, the Pakistan Stock Exchange (PSX) has issued reduced office and trading timings to facilitate clearing within banking hours.

The PSX has issued office and trading timings with reduction and revised banking hours by the State Bank of
Pakistan. The decision was taken in line with the National Command and Operation Centre (NCOC) guidelines to contain the infection spread.

According to revised timings, PSX will observe office hours from 9:00 am to 2:00 pm from Monday to Thursday, while on Friday the office hours will be from 9:00 am to 1:00 pm.

The notice issued by the PSX management said that the market pre-open session will be from 9:00 am to 9:15am, whereas the market restrictive period will be from 9:17 am to 9:18 am from Monday to Friday.

The PSX said that the orders entered during the pre-open session cannot be cancelled, modified, or suspended till the end of the restrictive period.

The post-close session will be from 1:00 pm to 1:15 pm. from Monday to Thursday and from 12:00 pm to 12:15 pm on Friday. Whereas the trade rectification time will be from 1:15 p.m. to 1:45 pm. from Monday to Thursday and 12:15 pm to 12:45 pm on Friday.

The writer is a member of staff
The reporting desk can be reached at info@thecorrespondent.com.pk

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