PSX to increase circuit breakers to 10%

MG News | May 21, 2024 at 05:32 AM GMT+05:00

0:00

May 21, 2024 (MLN): Pakistan Stock Exchange (PSX) will gradually increase the security-wise circuit breakers by 0.5% on a fortnightly basis until they reach a 10% level, said a notice issued on Monday.

This gradual increase will start on May 27, 2024, and will be completed by July 22, 2024.

The increase in circuit breakers will apply to Regular, Futures, and SIFC Market Symbols.

There will be no change in Square Up (SQR) and FUTSQR circuit breakers at this stage.

Changes in circuit breakers for Square Up Markets, if any, will be communicated separately, the notice said.

Implementation Date	Existing Circuit Breakers (CBs)	CB % increased by	Revised CBs
Monday, 27^th May, 2024	7.5% or Re. 1 whichever is higher	0.50%	8.0% or Re. 1 whichever is higher
Monday, 10^th Jun, 2024	8.0% or Re. 1 whichever is higher	0.50%	8.5% or Re. 1 whichever is higher
Monday, 24^th Jun, 2024	8.5% or Re. 1 whichever is higher	0.50%	9.0% or Re. 1 whichever is higher
Monday, 8^th Jul, 2024	9.0% or Re. 1 whichever is higher	0.50%	9.5% or Re. 1 whichever is higher
Monday, 22^nd Jul, 2024	9.5% or Re. 1 whichever is higher	0.50%	10.0% or Re. 1 whichever is higher

To note, these amendments have been approved by the Securities and Exchange Commission of Pakistan (SECP).

Copyright Mettis Link News

Related News

Weekly Market Roundup

SCRA inflows offset Rs8.5bn net selling

SSGC posts Rs7bn profit in H1 FY24

Name	Price/Vol	%Chg/NChg
KSE100	148,617.78 624.60M	0.86% 1274.27
ALLSHR	91,685.08 1,340.28M	0.74% 669.39
KSE30	45,247.79 197.43M	0.83% 370.74
KMI30	212,370.79 224.51M	1.05% 2209.48
KMIALLSHR	61,227.89 711.87M	1.18% 715.56
BKTi	41,264.02 160.39M	0.54% 221.73
OGTi	30,019.10 23.63M	0.64% 190.41

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	108,265.00	0.00 0.00	-510.00 -0.47%
BRENT CRUDE	67.46	67.94 67.29	-0.52 -0.76%
RICHARDS BAY COAL MONTHLY	88.70	88.70 88.70	-0.75 -0.84%
ROTTERDAM COAL MONTHLY	96.15	96.75 96.00	-0.40 -0.41%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.01	0.00 0.00	0.00 0.00%
SUGAR #11 WORLD	16.34	16.52 16.33	-0.14 -0.85%