The Institute of Capital Markets announced the results of ICM Stock Brokers Certification Examination and ICM Mutual Fund Distributors Certification Examination held on February 26. Institute of Capital Markets (ICM), Pakistan's first securities market institute was established in 2009 to meet the emerging needs of financial markets through creation of a permanent platform to develop skilled professional with certified knowledge and who have been sensitised to the ethical values.
The Institute conducts certification examinations for different segments of the capital markets so as to develop professionals, who are familiar with international best practices and are simultaneously skilled to deal not only with the instruments that are currently traded in Pakistan but also to trade in new products as the market develops.
ICM will also provide a forum for research and development, exchange of ideas and eventually other services respect to issues relating to on financial markets. The ICM has already launched two certification programmes namely: Stock Brokers Certification Programme and Mutual Funds Distributors Certification Programme on December 22, 2009 for which it has been successfully conducting licensing examinations every quarter of the calendar year since February 2010, leading to certifications for stock brokers and mutual fund distributors. So far nine examinations of each programme have been held; more than 900 candidates have registered with the Institute during the last two years.
ICM's ninth examination was held on February 26, 2012, simultaneously in Karachi, Lahore and Islamabad. ICM has released the results, passing percentage in Stock Brokers Certification Examination is 100 percent and Mutual Fund Distributor examination is 66 percent. Result cards have been dispatched at the registered addresses of the candidates.-PR