PSX triggers another market halt

The local bourse witnessed a freefall at the start of the trading session and the Pakistan Stock Exchange had to trigger market halt option at 09:25am for 45 minutes for the third day this week. The market fell by over 4 percent at 09:25am when the PSX informed the participants that the market halt has been triggered. All equity and equity-based derivative markets remained suspended for 45 minutes and reopened following a five minutes pre-open session. The stock market remained in the grip of panic selling during the outgoing week and the PSX had to trigger three market halts in a week.