Karachi: Pakistan Stock Exchange Limited (PSX) will remain closed on September 17, 2024, in observance of Eid Milad-un-Nabi, the celebration of the birth of Prophet Muhammad, which falls on 12th Rabi ul Awal.
According to information available from the Pakistan Stock Exchange (PSX), this closure affects all Trading Right Entitlement (TRE) Certificate Holders, staff, and related parties. According to information available from the Pakistan Stock Exchange, the holiday notice was issued to ensure all stakeholders plan accordingly and adjust their trading activities.
Eid Milad-un-Nabi is an important religious holiday celebrated across the Islamic world, commemorating the birth of the Prophet Muhammad. It is a public holiday in many Muslim-majority countries, including Pakistan, where special events and activities are held to mark the occasion.
The PSX, as the primary trading venue in Pakistan, observes this day with a formal suspension of trading activities to allow participants to engage in religious and festive events. This break also aligns with broader public and private sector holidays observed throughout the country on this day.