Fire at PSX causes limited damage

MG News | July 08, 2024 at 03:14 PM GMT+05:00

0:00

July 08, 2024 (MLN): The fire at a broker's office in the Pakistan Stock Exchange (PSX) compound today caused limited damage to the building housing the brokerage firms, said a press release issued on Monday.

However, there was no risk or damage to the PSX office building, trading systems, servers, or connectivity at the exchange, it said.

Amidst the fire threat, PSX exercised high security alert and caution whereby no one was allowed to enter the main compound of the building except essential personnel, firefighters, and fire-fighting crew.

Given the high security measures taken by PSX whereby in the past PSX had faced terrorism threats as well, non-essential persons were not allowed inside the main compound as this may have caused distraction in the firefighting process.

“PSX duly apologizes for this restriction. However, given the sensitivity of the situation, these restrictions were enforced to avoid occurance of any untoward incident,” it said.

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