New Delhi:  Four heavily armed militants attacked the busy Pakistan Stock Exchange building in Karachi on Monday, killing four security guards, a  police sub-inspector and a civilian before being gunned down in an exchange of fire. Initial reports said that the four attackers came out of their vehicle and threw grenades after which they reportedly entered the building.Also Read - British Hostage-Taker Demanding Release Of Jailed Pakistani Scientist Shot Dead In US

Karachi police chief Ghulam Nabi Memon claimed that the attackers, who came in a silver Corolla car were killed at the main gate of PSX. Weapons and hand grenades have been recovered from the attackers. Also Read - Hong Kong Airport Bans Transit Travellers From 153 Countries, Including India Amid Rising COVID Cases

Police surgeon Qarar Ahmed Abbasi said that five bodies and seven injured, including policemen, were taken to the Dr Ruth Pfau Civil Hospital Karachi. Police and Rangers’ officials arrived at the scene soon after the attack and killed all four attackers, Sindh Rangers said. Also Read - India vs Pakistan Twitter War Turns Ugly Over Controversial Dean Elgar DRS Call During 3rd Test At Cape Town

“There was an attack on the PSX compound earlier today. The situation is still unfolding and management, with the help of security forces, is managing the security and controlling the situation. We will issue a more detailed statement in due course once the situation is under control and more details are known. For now firing has stopped and reinforcement are in place”, the PSX said in a statement.

Speaking to Geo TV, the Inspector-General Karachi said that the situation was under control, adding that the militants conducted the assault with sophisticated weapons and were carrying a bag that probably held explosives.