Karachi, December 20, 2023 – The Pakistan Stock Exchange (PSX) made an official announcement on Wednesday, declaring a holiday for December 25, 2023.
The decision to close operations on this date is in observance of the public holiday declared by the Government of Pakistan, marking both Quaid-e-Azam Day and Christmas.
In a notification addressed to all TRE Certificate Holders, Staff, and concerned parties, the PSX informed that the exchange will remain closed on Monday, December 25, 2023. This closure is in accordance with the public holiday declared by the Government of Pakistan to honor the birth anniversary of Muhammad Ali Jinnah, the founding father of the nation, and to celebrate Christmas.
The announcement underscores the PSX’s commitment to aligning its operations with national observances and public holidays. By declaring December 25th as a non-working day, the PSX allows its stakeholders, including investors, brokers, and staff, to participate in the festivities and commemorative events associated with Quaid-e-Azam Day and Christmas.
Quaid-e-Azam Day, also known as the birthday of Muhammad Ali Jinnah, is celebrated annually on December 25th to honor his leadership and contributions to the creation of Pakistan. Simultaneously, Christmas is widely celebrated by the Christian community in Pakistan and around the world, marking the birth of Jesus Christ.
On this day, the PSX encourages all stakeholders to join in the national and religious celebrations, reflecting the exchange’s recognition of cultural and religious diversity within the country. The holiday announcement provides participants in the financial markets an opportunity to take a break and engage in festive activities or observances.
The PSX’s decision aligns with the broader practice of recognizing and respecting religious and cultural diversity in Pakistan. By closing its doors on December 25th, the exchange contributes to fostering an inclusive and accommodating environment for all stakeholders.
Market participants and investors are advised to plan their trading activities accordingly, considering the closure of the PSX on December 25, 2023. Regular trading operations are expected to resume on the following business day after the public holiday.
The PSX’s holiday announcement serves as a reminder of the significance of national and cultural observances, emphasizing the importance of unity and diversity within the country.
