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KSE’s new year, began with two hour delay

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The Karachi Stock Exchange (KSE) started business after a two hours delay over technical fault on Tuesday morning that was the first day of new fiscal year. On the very first day of the new fiscal year, KSE has undergone a technical fault in its system causing a two hour delay in beginning of its daily trading.

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According to the KSE staff, the fault was resolved and the system restored to operate after two hours. Deputy Manager Haroon Askari told that if trading begins after half past nine in the morning then the KSE was bound to extend Tuesday’s session to 30 minutes. Askari also said that pre-trading would resume as soon as the system was restored. The halt occurred just after the day when KSE-100 index went up by 308.77 points to 29,652.53 mainly due to a huge subscription to the offer of 70m shares of PPL by the Privatization Commission.

 

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