Karachi [Pakistan], October 31 (ANI): The Pakistan Stock Exchange (PSX) reverted to the old trading system on Saturday after the newly-acquired Chinese trading system encountered serious technical glitches.

The decision comes after several complaints were reported as the newly-acquired Chinese trading system encountered serious technical glitches during the week, reported Geo News.

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The new trading system (NTS) -- which has been procured from the Shenzhen Stock Exchange (SZSE), China -- was officially launched on October 25 and the PSX had held 18 mock sessions before formally launching the new system.

PSX will be using Karachi Automated Trading System (KATS) -- from Monday, November 1.

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"In order to address the concerns with JTT, PSX, in consultation with brokers and Security Exchange Commission of Pakistan (SECP), is reverting to the previous system (KATS) as a short term measure to provide uninterrupted trading for all TREC-Holders," said PSX.

The stock market said some material issues have been encountered in the Jade Trading Terminal.

In a statement issued on Saturday, the stock market said, "Once the matters concerning the front-end system are fully resolved, we expect to implement the NTS in a few weeks". (ANI)

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