June 29, 2020: Pakistan Stock Exchange (PSX) was the target of a terrorist attack this morning. The situation was brought under control as security forces, including Police and Rangers, dealt with the situation effectively and very quickly.
Four heavily armed terrorists attempted to enter Pakistan Stock Exchange premises this morning at about 10:02 am. The attackers were stopped from entering the premises of the Exchange. The security forces including guards, police and Rangers dealt with the situation bravely, skillfully and in a timely manner. In the exchange of fire, all the terrorists were killed. Two security personnel were injured while three personnel including two private security guards and one ASI lost their lives in the line of duty. The situation was brought under control within about 12 minutes.
Throughout this turmoil the Stock Market continued to operate normally and trading continued. Protocols in place were followed and the management took necessary measures to ensure that the Exchange continued to function normally.
MD PSX, Mr. Farrukh Khan, speaking about the incident said, “Pakistan Stock Exchange, a National Institution of the country, is an important symbol of the economy. Any attack on this institution is an attempt to damage the economy and scare away investors from Pakistan. I am thankful and applaud our courageous security personnel including the Rangers and Police who reached the scene within no time and successfully and skillfully dealt with the terrorists. They brought the situation under control and no terrorist was able to reach the PSX buildings. All staff, TREC-holders and investors, who were present at the premises, are safe”.
He further stated, “I am proud that throughout the COVID-19 lockdown and now this extreme situation brought about by the attack, The Stock Exchange continued to function normally and did not close for even a minute. I want to acknowledge the calm bravery of the PSX team, brokers and investors in continuing to work under very difficult circumstances. PSX has robust protocols and processes in place that have allowed the Exchange to continue functioning under such extreme conditions.”.