Major fire at Pakistan Stock Exchange in Karachi, trading suspended

A significant fire erupted on the 4th floor of the Pakistan Stock Exchange (PSX) building in Karachi, disrupting trading activities, according to local media reports. Fire brigade vehicles are actively working to extinguish the flames, which have led to a delay in trading operations.

Fortunately, all traders have been safely evacuated from the building, the reports confirmed. The Karachi stock exchange’s website has announced the suspension of trade until further notice.

“The situation is now under control, and employees have been permitted to re-enter their offices,” stated an official notice from the exchange. Despite initial delays, trading eventually commenced as scheduled, although some brokerage firms encountered operational challenges.

The fire broke out just one hour before trading was set to begin, with employees temporarily barred from entering the building during the incident. According to Humayun Javed, CEO of WE Financial Services, the fire originated within one of the brokerage houses and was contained without spreading further.