Karachi: A significant market halt was triggered today on the Pakistan Stock Exchange (PSX) following a 5% decline in the KSE-30 index. The decline, recorded from the previous trading day's close, resulted in the suspension of all equity and equity-based markets, affecting traders and investors across the board.

According to information available from the Pakistan Stock Exchange (PSX), the automatic market halt was implemented at 12:34:15 PM as per PSX regulations, aimed at stabilizing market fluctuations. This halt resulted in the automatic cancellation of all outstanding orders.

The designated market category impacted by this halt includes all equity and equity-based markets. Following the halt, the PSX has outlined a schedule for the resumption of trading activities. The pre-open phase is set to begin at 1:34:15 PM, followed by the official reopening of the markets at 1:39:15 PM.

Market participants have been advised to take note of the revised schedule and adjust their trading activities accordingly. The move is a part of the regulatory framework designed to manage significant market movements and ensure orderly trading on the exchange.