PSX revises trading hours

PSX revises trading hours

Karachi (Staff Report): The Pakistan Stock Exchange (PSX) on Friday announced to revise trading hours from Monday, July 13.

According to the notification, the market would begin trading from 9:30am to 3:30pm from Mondays to Thursdays.

However, there will be two sessions on Friday. The first session will begin from 9:15am to 12pm, whereas, after Juma prayers, the second session would resume at 2:30pm and would continue till 4:30 pm in the evening.

Earlier, the State Bank of Pakistan (SBP) issued a circular order to bring working hours of commercial banks back to normal from 9am to 5:30pm.

This order will be effective from July 13.

From Monday to Thursday, the commercial bank time is 9am to 5:30pm with prayer/lunch break from 1:30 pm to 2:00 pm. On Friday, the time is from 9am to 5:30 pm with prayer/lunch break from 1:00pm to 2.30pm.

The SBP had announced a reduction in working hours of banks due to the coronavirus epidemic.