PSX announces to revise trading hours from July 13

KARACHI: The Pakistan Stock Exchange (PSX) has announced to revise trading hours according to which the market would begin trading from 9:30 am to 3:30 pm from Mondays to Thursdays.

However, there will be two sessions on Friday. The first session will begin from 9:15 am to 12 pm, whereas, after Friday prayers, the second session would resume at 2:30 pm and would continue till 4:30 pm in the evening. The new timings will be implemented from Monday, July 13.

This is a positive development for the Stock Market and will encourage investors and market participants to fully take part in capital market-related activities.

MD PSX, Farrukh Khan speaking about the reversion to normal timings at the Exchange, said, “It is with great pleasure that I announce that Pakistan Stock Exchange is reverting to normal market timings”.

He further said, “This will help propagate normal market activities and is an encouraging development for the post-COVID-19 economy”. “This gives positive vibes for flattening of the curve in terms of the pandemic”, Khan added.

MD PSX said the government, SECP, and SBP have taken numerous steps in the current year which are having a positive impact on the Capital Markets of Pakistan.

On Thursday, the State Bank of Pakistan had issued a notice regarding the exact banking hours from 13^th of July (Monday) for all banks and (MFBs) microfinance banks from 9:00 am to 5:30 pm from Monday to Thursdays – including prayer and lunch hour break from 1:30 to 2 pm.