A major fire was erupted in Pakistan Stock Exchange (PSX) on Monday as the traders were taking positions to initiate business dealings after a two-day weekend break, reported 24NewsHD TV channel.

According to traders, the blaze broke out on fourth floor of the stock exchange due to short-circuiting and soon a thick smoke engulged the whole building.

As many as four fire-fighting vehicles were rushed to the scene and an operation was set into motion to douse the blaze.

The people present inside the PSX building were evacuated to the parking lot.

Trading was suspended at the stock exchange and all the traders have been rescued safely from the building.

PSX official Saeed Ahmed Soomro informed the media that four fire brigades have reached the exchange and are managing the situation. “The fourth floor consists of brokerage houses, however, the situation remains under control,” he added.

In 2018, a fire broke out on the rooftop of PSX Brokers’ building, which was managed through PSX’s firefighting system within 40 minutes without hampering the trading and clearing operations of the exchange. 

Later a fire-brigade spokesman said the fire has been brought under control and cooling process was under way.

Reporters Salman Saleem and Faran