KARACHI: The Pakistan Stock Exchange (PSX) was the target of a terrorist attack Monday morning, the PSX management said.

The situation was brought under control as security forces, including Police and Rangers, dealt with the situation effectively and very quickly.

Throughout this turmoil, the stock market continued to operate normal trading. Protocols in place were followed and the management took necessary measures to ensure that the Exchange continued to function normally.

PSX MD 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 PSX 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 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."

Copyright Business Recorder, 2020