KARACHI: A fire broke out on the fourth floor of the Pakistan Stock Exchange (PSX) building in Karachi on Monday with rescue efforts underway to douse the blaze.
Officials have said that five fire tenders, one snorkel, and a browser are being used in the operation to tackle the blaze which was caused by a short circuit.
Fire brigade officials have said that the blaze will soon be doused as its intensity is low. While the trading was suspended at the PSX, the building has now been reopened for the public after being evacuated earlier.
“It is hereby informed to all TRE Certificate Holders and concerned that the trading in all securities has been temporarily suspended from 10:25 am to 11:25 am today,” PSX’s General Manager and Chief Market Operations Officer Jawad H Hashmi said in a statement.
The official further confirmed that many of the firms are unable to access the building.
According to the PSX management, the fire erupted at around 8am and although it has resulted in some material loss, no loss of life has been reported due to the blaze.
Meanwhile, Deputy Commissioner South also visited the incident site to review the rescue efforts and remarked that the blaze wasn’t of serious nature.
