Pakistan exchanges stay closed

- Central Banking staff
- 20 Sep 2001

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PAKISTAN - Financial market regulators in Pakistan have announced that the country's three stock exchanges will remain closed until next week.

The exchanges have not traded since Monday 17 September.

The initial decision to suspend trading was taken last weekend but markets were expected to re-open today Thursday 20 September.

Regulators are concerned that when the markets do re-open, heavy selling will take place, prompted by expectations of military retaliation for the terrorist attacks in the US

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