close_game
close_game

Major fire at Pakistan Stock Exchange in Karachi, trading suspended

By | Edited by
Jul 08, 2024 01:14 PM IST

Karachi stock exchange fire: Trading activity has been delayed and all traders have been safely rescued, local media reported.

Karachi stock exchange fire: A massive fire broke out on the 4th floor of the Pakistan Stock Exchange (PSX) building in Karachi, local media reported. Fire brigade vehicles were working to extinguish the flames while trading activity has been delayed, the reports claimed. 

Karachi stock exchange fire: Fire brigade vehicles were working to extinguish the flames.
Karachi stock exchange fire: Fire brigade vehicles were working to extinguish the flames.

All traders have been safely rescued, the reports added. 

The Karachi stock exchange website also said trade had been suspended.

The situation is under control and employees have been allowed to get back into their offices, the exchange said in a notice. Trading started on schedule but several brokerage houses were having issues, Bilal Khan, head of institutional equity sales at Arif Habib in Karachi, said as per Bloomberg. 

The fire started one hour before trading was slated to begin and employees were not allowed inside the building, Humayun Javed, CEO at WE Financial Services, said. The fire started at one of the brokerage houses and didn’t spread, he said.

rec-icon Recommended Topics
Share this article
Stay updated with the latest Business News on Petrol Price, Gold Rate, Income Tax Calculator along with Silver Rates, Diesel Prices on Hindustan Times.
See More
Stay updated with the latest Business News on Petrol Price, Gold Rate, Income Tax Calculator along with Silver Rates, Diesel Prices on Hindustan Times.
SHARE THIS ARTICLE ON
SHARE
Story Saved
Live Score
Saved Articles
Following
My Reads
Sign out
New Delhi 0C
Wednesday, February 19, 2025
Start 14 Days Free Trial Subscribe Now
Follow Us On