Karachi, March 20, 2025 – The Pakistan Stock Exchange (PSX) has officially announced a market closure on Friday, March 28, 2025, in observance of Jumua-tul-Wida. The notification, issued on Thursday, informs Trading Right Entitlement (TRE) Certificate Holders, staff, and all concerned that the PSX will remain closed to honor this significant day.
Jumua-tul-Wida, the last Friday of Ramadan, holds deep spiritual and religious importance for Muslims worldwide. It is a day of heightened devotion, prayers, and supplication. Mosques witness massive congregations as worshippers offer Salat-al-Jumuah, recite the Holy Quran, and seek Allah’s mercy and blessings. Many individuals also engage in acts of charity (sadaqah) and good deeds, aiming to earn divine rewards before the arrival of Eid-ul-Fitr.
The PSX acknowledges the religious significance of Jumua-tul-Wida and has maintained the tradition of observing a holiday on this day, even though many other financial markets remain operational. The closure allows market participants, investors, and employees to observe this sacred occasion with peace and dedication. Scholars emphasize that Jumua-tul-Wida is an ideal time for repentance, gratitude, and self-reflection, as prayers offered on this day are believed to be especially accepted.
This decision by PSX reflects its commitment to cultural and religious observances, recognizing the significance of Jumua-tul-Wida in the lives of millions across Pakistan. The stock market closure ensures that traders and market professionals can partake in religious rituals without the distractions of financial activities.
While the PSX will remain closed for the day, other financial markets and banking institutions may continue their operations. Investors are advised to plan their trading activities accordingly to avoid disruptions. The PSX holiday on Jumua-tul-Wida is a reminder of the importance of faith and spirituality in balancing professional and religious responsibilities.
As Jumua-tul-Wida approaches, the PSX encourages everyone to embrace the virtues of Ramadan—patience, generosity, and faith—while preparing for the blessed occasion of Eid-ul-Fitr.