Karachi, April 4, 2024 – The Pakistan Stock Exchange (PSX) has announced the closure of trading on Friday, April 5, 2024, in observance of Jumua-tul-Wida, the last Friday of the holy month of Ramadan.
In a communication addressed to all Trading Right Entitlement (TRE) Certificate Holders, staff, and concerned parties, the PSX informed that the Pakistan Stock Exchange (PSX) Limited will remain closed on Friday, April 5th, 2024, in honor of Jumua-tul-Wida.
Additionally, the PSX issued another notification regarding the closure of the stock market during Eid holidays. According to the notification, all TRE Certificate Holders, staff, and concerned individuals were informed that the Pakistan Stock Exchange Limited will remain closed from Wednesday, April 10, 2024, until Friday, April 12, 2024, in observance of Eid-ul-Fitr Holidays.
Furthermore, the notification outlined that the Exchange will resume its operations with Pre-Ramadan Trading Hours and Office Timings effective from Monday, April 15, 2024.
Jumua-tul-Wida, or the last Friday of Ramadan, holds special significance for Muslims around the world. It is a day of spiritual significance, marked by congregational prayers and supplications. Observing Jumua-tul-Wida allows individuals to reflect on the blessings and spiritual growth experienced throughout the month of Ramadan, while also seeking forgiveness and guidance for the future.
Similarly, Eid-ul-Fitr, celebrated at the conclusion of Ramadan, is a joyous occasion that signifies the end of fasting and the beginning of festivities. It is a time for Muslims to come together in prayer, exchange gifts, and extend acts of charity to those in need. The closure of the stock market during Eid-ul-Fitr allows individuals to fully immerse themselves in the celebrations and spend quality time with their families and loved ones.
As the PSX closes its doors on Jumua-tul-Wida and Eid-ul-Fitr, it demonstrates respect for the religious and cultural traditions observed by the Pakistani community. These temporary closures provide an opportunity for individuals to prioritize spiritual and familial bonds, fostering a sense of unity and camaraderie within society.
As investors and stakeholders prepare for the temporary closure of the stock market, they are reminded to plan their trading activities accordingly, taking into account the scheduled holidays. The PSX’s adherence to these religious and cultural observances reflects its commitment to inclusivity and respect for diversity within the Pakistani society.
