The Pakistan Stock Exchange (PSX) has announced its closure on February 5, 2019, in observance of Kashmir Solidarity Day.
This decision aligns with the public holiday declared by the government to mark the occasion. A statement released by the PSX on Friday informed all stakeholders about the upcoming closure.
Kashmir Solidarity Day, observed annually on February 5, is a day of significance for Pakistan, symbolizing unwavering support for the people of Kashmir and their right to self-determination. The day is marked with various events across the country, including rallies, seminars, and discussions, to raise awareness about the longstanding Kashmir conflict and to express solidarity with the Kashmiri people.
In light of the government’s declaration of February 5 as a public holiday for Kashmir Solidarity Day, the PSX has decided to suspend its operations for the day. This includes the closure of the stock exchange, ensuring that market participants, traders, and employees have the opportunity to participate in events and activities organized to express unity and support for the people of Kashmir.
The closure of the PSX on this significant day is not only a symbolic gesture but also a practical decision that allows the business community associated with the stock exchange to join the nation in commemorating the struggles and aspirations of the Kashmiri people.
Kashmir Solidarity Day has been observed in Pakistan since the early 1990s, serving as a platform to draw attention to the longstanding Kashmir dispute and advocate for the rights of the Kashmiri people. The day is also an occasion to condemn human rights violations in the region and emphasize the need for a peaceful resolution to the conflict.
The PSX’s decision to close on February 5 aligns with the broader national sentiment of expressing solidarity and unity with the people of Kashmir. It reflects the acknowledgment by the business community of the importance of commemorating this day and contributing to the collective voice in support of the Kashmiri cause.
While the closure of the PSX for a day may have a short-term impact on market activities, it underscores the social responsibility of institutions and businesses to participate in events that hold national importance. The PSX closure serves as a reminder of the interconnectedness of financial markets and broader societal values.
Market participants and investors are advised to plan their activities accordingly, taking into consideration the closure of the PSX on February 5, 2019. The exchange will resume its normal operations on the following business day.
As Pakistan stands united on Kashmir Solidarity Day, the closure of the Pakistan Stock Exchange symbolizes the collective stance of the business community in supporting the cause of justice, peace, and the right to self-determination for the people of Kashmir.
