Pakistan Stock Exchange imposes coronavirus restrictions

Pakistan Stock Exchange imposes coronavirus restrictions

KARACHI: Pakistan Stock Exchange (PSX) on Friday imposed SOPs on entry into the stock exchange to prevent the spread of coronavirus pandemic.

The PSX issued instructions in pursuance of directives issued by the home department of the Sindh government. On the directives of the provincial government, the PSX has taken precautionary measures for the prevention of coronavirus (COVID-19) spread considering the drastic rise in cases.

“In order to ensure safety of all occupants at the PSX premises, work from home should be ensured for at least 50 per cent staff and physical presence should be limited to a maximum of six people per room (including visitors).”

The PSX instructed the occupants to provide details of their staff/visitors to the PSX administration department by the end of July 30, 2021 so that the safety measures can be smoothly implemented from Monday August 02, 2021.

Furthermore, the stock exchange instructed that the staff should keep their CNIC with them and wear their company issued identity cards while they are in PSX premises.

The PSX said that it had already ensured necessary infrastructure in place for all TRE Certificate Holders to connect to the trading system from any remote location in a seamless manner.

Further, PSX had requested the Securities and Exchange Commission of Pakistan (SECP) for relaxation of clause 8.3.2 of PSX Rule Book.

“In view of thereof, taking into account the exceptional circumstances and to ensure smooth operations, SECP, in exercise of the powers conferred under clause 1.4 of PSX Rule Book has relaxed the requirement whereby TRE Certificate Holders may be allowed activate and operate their DR terminals for trading purposes during normal operations of PSX up to September 30, 2021.

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