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The Securities & Exchange Commission of Pakistan (SECP) and the Central Depository Company (CDC) will initiate a series of roadshows on investment to educate small investors about stock markets. These shows are basically aimed to expand the investors' base and planned to be organised in various cities including Sialkot, Peshawar, Quetta, Multan and Faisalabad.
According to a CDC's press release, SECP chairman Dr Tariq Hassan will inaugurate the first show of this series in Sialkot on February 12.
CDC chief executive Hanif Jakhura observed that roadshows are targeted to attract savings to the capital market from these small cities, educate intending investors about risks and benefits and address misconceptions associated with the stock market investments.
This initiative would also help fund managers, brokerage houses and financial institutions reach investors in small cities across Pakistan, he added.
He said strong market demand, recent initial public offerings (IPOs) and the continued market upsurge motivated the CDC to launch this awareness campaign while keeping in mind small investors across the country.
The general public has to be informed about benefits and risks of investing in stock exchanges. Already people's interest in the stock market is reflected by the over-subscription of recent IPOs of state-owned entities, he added.
He said the people in small cities and towns of the country are still hesitant to enter the capital market because of lack of information and proper guidance.
He hoped that these roadshows would serve the core purpose and would succeed in attracting investors from these small cities to rising stock exchanges of the country.-PR

Copyright Business Recorder, 2005

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