ASE remains closed following terror attacks in Mumbai

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Ahmedabad, Nov 27 (UNI) Ahmedabad Stock Exchange (ASE), which is linked to the Bombay Stock Exchange (BSE), today remained closed following unprecedented terrorist attacks on Mumbai, the commercial capital of the country.

According to the ASE sources, as the Exchange is closely linked to the BSE, it was only natural for the ASE to remain non-operational.

The ASE has daily volume of Rs 70 to 80 crores.

The stock exchange is expected to resume operations from tomorrow. Earlier, BSE had issued a notice saying that considering the prevailing abnormal situation and the government's advice to people to stay at home, it has been decided to keep the market closed for the day.

''The expiry in futures and options, and settlement due today, stands postponed to the next working day,'' said the sources, as a similar notice was issued by the National Stock Exchange and most of the commodities and currency exchanges.

The Reserve Bank of India (RBI) had also, suspended all transactions and settlements in government securities, foreign exchange and money markets today.

UNI HT-MP SR AG1734

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