“The market halt is triggered as a standard protocol for risk management purposes,” stated a PSX press release. The ‘market halt’ had been introduced by the Securities and Exchange Commission of Pakistan (SECP) in PSX regulations in December 2019. Meanwhile, in the oil market, Brent crude was down $2.01, or 5.6%, at $33.78 by around 0930 GMT. Overall, trading volumes increased to 230.7 million shares compared with Wednesday’s tally of 217.6 million. It was followed by Fauji Cement with 17.4 million shares, losing Rs1.28 to close at Rs17.19 and Maple Leaf Cement with 16.8 million shares, losing Rs1.97 to close at Rs27.42.

Source: The Express Tribune March 12, 2020 06:14 UTC