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Reading: Fire Erupts at Pakistan Stock Exchange Building in Karachi
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Pakistan Stock Exchange Fire
PhotoNews Pakistan > Business > Fire Erupts at Pakistan Stock Exchange Building in Karachi
Business

Fire Erupts at Pakistan Stock Exchange Building in Karachi

Web Desk
By Web Desk Published July 8, 2024 1 Min Read
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The Pakistan Stock Exchange Building is shown engulfed in flames.
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A fire erupted on the fourth floor of the Pakistan Stock Exchange (PSX) building in Karachi on Monday, prompting immediate rescue operations to extinguish the flames.

Officials deployed five fire tenders, one snorkel, and a browser to manage the fire, which was identified as being caused by a short circuit. Fire brigade authorities anticipate quick control over the fire, noting its low intensity. Although trading at the PSX was halted, the building has since reopened to the public following an evacuation.

A fire has erupted at the Pakistan Stock Exchange in Karachi. pic.twitter.com/ANPeylf7NF

— Photo News (@PhotoNewsPk) July 8, 2024

Jawad H Hashmi, PSX’s General Manager and Chief Market Operations Officer, stated, “Trading in all securities was temporarily suspended from 10:25 am to 11:25 am today.” He also noted that several firms are currently unable to access the building.

PSX management reported that the fire started around 8 a.m. and caused some material damage, but thankfully, no casualties were reported.

Deputy Commissioner South assessed the rescue operations on-site, stating the fire was not severe. The recent heatwave has increased the risk of such fires, as electrical systems are more likely to overheat.

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