Tag: market closure

  • Pakistan Stock Exchange to halt trading activity on February 8

    Pakistan Stock Exchange to halt trading activity on February 8

    In an official notice sent to all Trading Rights Entitlement (TRE) certificate holders, the Pakistan Stock Exchange Limited (PSX) has announced the closure of the exchange on Thursday, February 8, 2024. 

    This decision is attributed to the upcoming general election scheduled to take place on that day, as declared by the Election Commission of Pakistan.

    All TRE certificate Holders, along with the staff and concerned parties, are duly informed about the closure on February 8, 2024, which has been declared a public holiday by the Election Commission of Pakistan in conjunction with the national general election, PSX noted.

    Furthermore, it is pertinent to note that the PSX will also remain closed on Monday, February 5, 2024, in observance of Kashmir Day.

    Investors and market participants are urged to plan their activities accordingly, considering the temporary closure of the Pakistan Stock Exchange on these specified dates.

  • Markets nationwide to close at 8 pm to save energy

    Markets nationwide to close at 8 pm to save energy

    The National Economic Council has decided to close shops across the country at 8 pm.

    The meeting was held under the chairmanship of Prime Minister Shehbaz Sharif, with the participation of the Chief Ministers of Sindh, Punjab, and KP.

    The Balochistan Minister of Planning also participated in the meeting. During the meeting, it was decided to close shops across the country at 8 pm.

    In a press conference held after the meeting, Federal Minister for Planning Ahsan Iqbal stated that the decision to close shops at 8 pm was made to save energy.

    He further mentioned that commercial areas will be closed at eight o’clock, green energy will be promoted, and LED bulbs will be installed.