PSX announces fund to assist families of attack victims.

Byline: Kalbe Ali

KARACHI -- The board of directors of the Pakistan Stock Exchange on WedneAsday announced setting up a fund to financially assist famAiAlies of the martyred security personnel and those who were injured defending the stock exchange on Monday.

The board condemned the dastardly and cowardly attack in the strongest possible terms.

It was noted that this was an attack which targeted not only innocent people but also the economic stability and investment environment of Pakistan.

The board appreciated the bravery of the security personnel, who risked their lives to defend the stock exchange and Pakistan.

The board also commenAded the PSX management for the calm and effective manner in which the secAurity protocols were implemented.

They noted that despite such an extreme event, the market did not stop working for even a minute and all disaster recovery and business continuity measures worked seamlessly.

The PSX, as the premier capital market of the country, was fully cognisant of its responsibilities and recognised the sufferings caused to the families of those who had been martyred and injured, they said. 'We stand by them at this time and will also help them in a practical and sustainable manner. To this end, the PSX will set up a fund and endowed it with an upfront donation of Rs10 million,' the board added.

The management, it said, was in discussion with brokers, other capital market organisations and institutions that had reached out and expressed a desire to support this effort.

In addition, the PSX staff and directors in their individual capacity had also committed their support.

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