In order to educate and give awareness to the existing as well as potential investors, Islamabad Stock Exchange (ISE) held a seminar at Gujrat Chamber of Commerce and Industry, Gujrat. The seminar was attended by large number of participants including members of the Chamber, students from Gujrat University and general public.
Speaking at the occasion, ISE Deputy General Manager Waris Niazi said many people with the money were not aware about the stock and commodity exchanges, adding the people with small savings could participate in the stock investment. Pakistan Mercantile Exchange was also functioning and facilitating trading in gold, rice, oil and certain other commodities.
Cautioning the stock investors, Niazi said that investor must ensure that they were trading through the brokers duly approved by the stock exchange as well as the Securities & Exchange Commission of Pakistan (SECP) and that they were maintaining their own CDC accounts for safe placement of their shares.
Replying to various questions of the participants, particular about the recent default of brokers at stock exchanges, Usman Rashid Head of Investor Relation of ISE stated that the relevant regulations were being further improved after demutualisation and awareness of investors was also must to reduce happening of such defaults. Adnan Iqbal, President of the Gujrat Chamber, appreciated the efforts of ISE and SECP for the awareness seminar for the general public, and said such activities would promote investment culture in the country.
He proposed that ISE should establish its information desk in the chamber and there should be regular information passion in the chamber to educate the people about stock investments. The ISE also accepted the proposal and it was decided that a formal MoU shall be sign between ISE and chamber in the near future. He also apprised about the role of his Chamber in the development of local industry. It may be noted that the seminar was a part of nation-wide investor education programme that has been started collectively by SECP, three exchanges, CDC, NCCPL and some other entities under the umbrella of Institute of Capital Market.-PR
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