Karachi April 7 2025: PSX has triggered a market halt at 11:58 am as KSE30 index drops more than 5 percent and remains down for more than five minutes after Trump statement on tariffs.
The market halt is triggered as a standard protocol for risk management purposes.
KSE100 index dropped 6,287 points or 5.29 percent in today’s trading session while KSE30 index plunged 2,055 points or 5.59 percent on fears of global recession.
The carnage came as Trump told reporters that investors would have to take their medicine and he would not do a deal with China until the U.S. trade deficit was sorted out. Beijing declared the markets had spoken on their retaliation plans.
As a result of the halt, all outstanding orders have been cancelled automatically by the system and all equity and equity based markets shall re-open at 01:03:45 PM with pre open at 12:58:45 PM, according to the notification issued at Pakistan Stock Exchange.
“Market halt” procedure has been introduced by PSX as a front line regulator in line with international best practices and approved by SECP in PSX regulations in December of 2019.
The action triggers when the KSE30 index moves 5% either way and remains there for 5 consecutive minutes.
The objective of introducing market halt is to safeguard investors and market participants during volatile markets. During this halt, trading in all securities remains temporarily suspended in order to ensure a cooling off period and run a mark to market activity as a risk management measure. PSX remains at the forefront of the Capital market to provide a fair, transparent, and efficient marketplace for the benefit of investors, issuers and all stakeholders.
