“Please be informed that the Board Of Directors of Pakistan Stock Exchange Limited, at its meeting held on May 04, 2021, has appointed Dr. Shamshad Akhtar as the Chairperson of the Board of the Exchange,” read a PSX statement.
As per analysts the concerns regarding the rising number of coronavirus case, stricter lockdown and government decision reduce business timings all dented investors’ confidence.
“Align with the decision of National Command and Operation Centre (NCOC) regarding the COVID-19 situation and subsequent reduction in banking hours by the State Bank of Pakistan, PSX has also revised its market at office timing keeping in view the smooth clearing and settlement within the reduced banking hours,” stated the bourse.