PSX revises dealing timings of market

KARACHI: The Pakistan Stock Exchange (PSX) announced temporary changes in the duration for closing price determination and market timings, bourse filing said on Thursday.

The temporary changes come in the context of reclassification of Pakistan from the MSCI Emerging Market Index to MSCI Frontier Market Index, it added.

The ‘closing price’ of securities will be determined over the last two hours of the regular market session on the basis of volume weighted average price (VWAP) against the current duration of 30 minutes, it said.

The PSX also revised the timings for post-close session, trade rectification/modification session and negotiated deals market on a temporary basis from Friday, November 26, 2021 till Friday, December 3, 2021.

Earlier in September, MSCI had announced to reclassify Pakistan from the Emerging Markets to the Frontier Markets.

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