Trading at PSX resumes after suspension due to ‘technical issues'

KARACHI: Trading at the Pakistan Stock Exchange (PSX) was halted on Wednesday due to “technical issues” in its JADE Trading Terminal (JTT).

Initially, the bourse announced that the trading will resume at 2pm, however, later they increased the halt time by half an hour. The trading resumed at 2:30pm after a gap of the two-and-a-half hour.

In a notice dated sent to all stakeholders, the bourse informed that the market will remain suspended for two hours today as “some technical issues are being identified in the JADE Trading Terminal (JTT).

“In order to conduct a detailed review of the issues and to protect the interest of the investors, the Exchange has decided to suspend today’s trading session for 2 hours i.e. from 12:00 noon to 2:00pm,” read the notice.

However, in a second notice, it said that suspension time has been further extended for 30 minutes in order to review the issues.

It is pertinent to mention here that JTT is a part of the whole trading mechanism.

The bourse on October 25 had fully operationalised its new trading platform, DTS, after which technical issues were reported.

Additionally, the issues also meant the system and market report was delayed for many hours as the bourse has been releasing its official numbers after 6pm — after two hours of the closing time.