Abid Ali, director of the Pakistan Stock Exchange, told reporters that four attackers entered the compound and started firing but the situation was now under control. It added that the building is in a high security zone and also has head offices of many commercial private banks. "They had come in a silver Corolla auto", Karachi police chief Ghulam Nabi Memon said.
Latest reports quote police saying they have killed all four heavily armed gunmen and are combing the building.
Shazia Jehan, a police spokesman, said the bomb disposal squad had also been called and was trying to clear the building of explosive devises.
The area has been cordoned off by police. The initial burst of gunfire had stopped for now, the statement said. All four terrorists were later killed by police with clearance operation underway now. There were no other details and the fate of the attackers was not immediately known.
At least five people have died after shots were fired at the Pakistan Stock Exchange in Karachi, according to rescue officials on Monday. No militant group had claimed responsibility for the attack.
This is a developing story that is being updated as the situation evolves.
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