ANL 0.00 Decreased By ▼ -15.34 (-100%)
ASC 13.22 Decreased By ▼ -0.02 (-0.15%)
ASL 17.53 Decreased By ▼ -0.07 (-0.4%)
BOP 8.65 Decreased By ▼ -0.05 (-0.57%)
BYCO 7.29 Increased By ▲ 0.09 (1.25%)
FCCL 19.10 Increased By ▲ 0.66 (3.58%)
FFBL 0.00 Decreased By ▼ -22.95 (-100%)
FFL 0.00 Decreased By ▼ -15.05 (-100%)
FNEL 0.00 Decreased By ▼ -7.09 (-100%)
GGGL 0.00 Decreased By ▼ -16.70 (-100%)
GGL 27.89 Increased By ▲ 0.09 (0.32%)
HUMNL 6.78 Increased By ▲ 0.08 (1.19%)
JSCL 19.25 No Change ▼ 0.00 (0%)
KAPCO 27.25 Increased By ▲ 0.55 (2.06%)
KEL 3.34 Decreased By ▼ -0.08 (-2.34%)
MDTL 0.00 Decreased By ▼ -2.14 (-100%)
MLCF 0.00 Decreased By ▼ -35.30 (-100%)
NETSOL 0.00 Decreased By ▼ -101.20 (-100%)
PACE 0.00 Decreased By ▼ -4.11 (-100%)
PAEL 26.49 Increased By ▲ 0.30 (1.15%)
PIBTL 0.00 Decreased By ▼ -8.14 (-100%)
POWER 0.00 Decreased By ▼ -7.25 (-100%)
PRL 0.00 Decreased By ▼ -16.11 (-100%)
PTC 0.00 Decreased By ▼ -9.04 (-100%)
SILK 0.00 Decreased By ▼ -1.47 (-100%)
SNGP 0.00 Decreased By ▼ -39.97 (-100%)
TELE 0.00 Decreased By ▼ -16.55 (-100%)
TRG 0.00 Decreased By ▼ -126.00 (-100%)
UNITY 29.35 Decreased By ▼ -0.55 (-1.84%)
WTL 0.00 Decreased By ▼ -2.38 (-100%)
BR100 4,733 Increased By ▲ 3.3 (0.07%)
BR30 20,339 Increased By ▲ 22.52 (0.11%)
KSE100 45,544 Decreased By ▼ -34.5 (-0.08%)
KSE30 17,811 Decreased By ▼ -60.87 (-0.34%)
Markets

PSX eyeing to enhance Circuit Breakers and Market Halt

  • Enhancement of scrip based Circuit Breakers was implemented in a phased manner along with the introduction of an index-based market halt in January 2020.
18 Nov 2020

The Pakistan Stock Exchange (PSX) is exploring the possibility of further enhancement in the Circuit Breakers (CBs) and Market Halt, it announced on Wednesday.

Enhancement of scrip based Circuit Breakers was implemented in a phased manner along with the introduction of an index-based market halt in January 2020. CBs enhanced from 5pc to 7.5pc in a phased manner and the market halt was implemented based on KSE 30 Index move, initially at 4pc and then increased to 5pc.

This implementation contributed to overall discipline in the market and so as an improvement in the trading volume as a result of enhancing the day’s price range. Furthermore, this implementation is well aligned with the Global practices with an added benefit of better price discovery.

In order to move forward, the PSX is exploring the possibility of further enhancement in the Circuit Breakers from the existing 7.5pc to 10pc in a phased manner along with the introduction of the second level of index-based market halt at 7pc. CBs to increase 0.5pc after every two weeks and once the level of 10pc is reached, the second level of a market halt to be implemented upon 7pc move of KSE 30 Index.

In this regard, PSX said that it would like to engage with market participants through initiating a consultation process on the above-stated implementation. All market participants are therefore requested to share the initial feedback on the above proposal by November 25, 2020.

Comments

Comments are closed.

1 Comment(s)
Sort By
Jahangir shah Nov 19, 2020 07:40am
Nice post
thumb_up Recommended (0)