PSX Announces Closure on December 25 in Observance of Quaid-e-Azam Day and Christmas

The Pakistan Stock Exchange Limited (PSX) has officially declared that it will be closed on Monday, December 25, 2023, in commemoration of Quaid-e-Azam Day and Christmas. This announcement was disseminated through a notice addressed to all TRE certificate holders on Wednesday.

According to the notice, "All TRE Certificate Holders, Staff, and concerned are hereby informed that PSX will remain closed on Monday, December 25, 2023, being a Public Holiday declared by the Government of Pakistan on the occasion of Quaid-e-Azam Day / Christmas."

The decision to observe this public holiday is in honor of the birthday of Pakistan's founder, Quaid-e-Azam Mohammad Ali Jinnah, and the celebration of Christmas.

In related economic news, while the PSX remains closed on this significant day, investors and businesses are expected to resume trading activities on the following business day, keeping a close eye on market developments and any potential impact on the Pakistan economy.

This closure aligns with the tradition of recognizing and commemorating important national and cultural events, contributing to the country's vibrant cultural tapestry.