A Centralized Customers Protection Compensation Fund (CCPF), formerly known as Investor Protection Fund (IPF), has been established and operated in accordance with the Customers Compensation Fund (Establishment and Operations) Rules, 2017 and Centralized Customer Protection Compensation Fund Regulations, 2017 promulgated by the Securities and Exchange Commission of Pakistan.
The sole mandate of CCPF is to compensate customers of a defaulter stock-broker up to a maximum of PKR 500,000 per claimant whose claim has been admitted by the Pakistan Stock Exchange (PSX).
The Claim invitation process initiates upon declaration of the stock-broker as defaulter by PSX. A customer wishing to file a claim against the defaulter stock-broker can do so by contacting the Regulatory Affairs Division (RAD) of PSX. The ensuing process is as follows:
Foreign persons and institutions as well as non-resident Pakistanis can invest in stocks listed on Pakistan Stock Exchange. They can benefit from potential growth oppurtunities offered by Pakistan’s Capital Market. For non-resident Pakistanis, investing in PSX is specially an attractive venture as it will enable them to benefit from the competitive returns from the Pakistani stock market while being stakeholders in their homeland’s economy. For foreign investors, the benefits are equally attractive and competitive as Pakistan’s stock market has consistently performed better than several regional exchanges and other emerging markets over a period of several years.
Foreign persons/ institutions/ non-resident Pakistanis can invest in PSX through Foreign Portfolio Investment (FPI) channel:
This scheme allows investors to invest into various instruments such as equities, government bonds, and TFCs. The foreign investor can either invest through a Standalone Special Convertible Rupee Account (SCRA), a Custodial Service Provider or a Global Custodian. In all these routes of investment, foreign investors are well advised to open a Custody Account/ IAS with the Central Depository Company (CDC) for safekeeping of equities after they have been bought.
SCRA can be opened remotely with any scheduled bank in Pakistan. SCRA allows for remittance of funds to & from the account for purchase and sale of securities. However, a brokerage account will also have to be opened to enable the foreign investor to transact on Pakistan Stock Exchange. Below is a list of scheduled banks and brokerage firms that a foreign investor is required to contact to transact on PSX through this route.
Custodial services provider is a bank which provides custodial services. This service consists of two accounts, Cash Account (Special Convertible Rupee Account-SCRA) and Securities Account. Both these accounts are linked and under the title of the Account Holder/ foreign investor. SCRA allows for remittance of funds to & from the account for purchase and sale of securities. The Securities Account is credited with securities purchased and debited with securities sold. This account is linked to a brokerage account which enables a foreign investor to transact on PSX. A foreign investor is required to contact a custodial service provider or a brokerage firm to transact on PSX through this route.
These are specialized services offered by international banks & international brokerage firms in the country of residence of the foreign investor (if the service is available or offered there). Through these firms/ banks the account holder/ foreign investor can invest in PSX. This route of investment is comparatively expensive as it extends to Pakistan via custodial services that these firms have with local banks in Pakistan.
Where: Head Office, 156 The Mall Rawalpindi
DATE AND TIME
Tuesday, Feb 09, 2021 at 10:00 am
LOCATION
Head Office, 156 The Mall Rawalpindi
Where: Din House, 35-A/1, Lalazar Area Opp. Beach Luxury Hotel, M. T. Khan Road, Karachi.
DATE AND TIME
Tuesday, Feb 02, 2021 at 12:00 pm
LOCATION
Din House, 35-A/1, Lalazar Area Opp. Beach Luxury Hotel, M. T. Khan Road, Karachi.
Where: Zoom
DATE AND TIME
Thursday, Jan 28, 2021 at 04:00 pm
LOCATION
Zoom
Where: Registered Office 7/1 E-3 Main Boulevard Gulberg-III, Lahore.
DATE AND TIME
Thursday, Dec 31, 2020 at 10:30 am
LOCATION
Registered Office 7/1 E-3 Main Boulevard Gulberg-III, Lahore.
Where: Registered Office 7/1 E-3 Main Boulevard Gulberg-III, Lahore.
DATE AND TIME
Thursday, Dec 31, 2020 at 10:00 am
LOCATION
Registered Office 7/1 E-3 Main Boulevard Gulberg-III, Lahore.
Where: Zoom
DATE AND TIME
Thursday, Dec 24, 2020 at 3:00 pm
Where: Zoom
DATE AND TIME
Tuesday, Dec 22, 2020 at 11:00 am
LOCATION
Zoom
DATE AND TIME
Wednesday, Dec 16, 2020 at 03:30 pm
UNTIL
05:00 pm
LOCATION
Zoom
DATE AND TIME
Wednesday, Dec 16, 2020 at 3:00 p.m
LOCATION
Zoom
Where: Zoom
DATE AND TIME
Tuesday, Dec 15, 2020 at 11:00 am
LOCATION
Zoom
Where: Zoom
DATE AND TIME
Monday, Dec 07, 2020 at 11:30 am
LOCATION
Zoom
Where: Zoom
DATE AND TIME
Tuesday, Dec 01, 2020 at 03:00 pm
LOCATION
Zoom
Where: Zoom
DATE AND TIME
Tuesday, Nov 24, 2020 at 2:00 pm
UNTIL
4:00 pm
LOCATION
Zoom
Where: PSX Auditorium
DATE AND TIME
Tuesday, Nov 24, 2020 at 02:00 pm
LOCATION
PSX Auditorium
Where: Zoom
DATE AND TIME
Tuesday, Nov 24, 2020 at 09:30 am
LOCATION
Zoom
Where: Zoom
DATE AND TIME
Wednesday, Nov 18, 2020 at 11:00 am
LOCATION
Zoom
Where: Zoom
DATE AND TIME
Tuesday, Nov 17, 2020 at 03:00 pm
LOCATION
Zoom
Where: Virtual Zoom Meeting
DATE AND TIME
Thursday, Nov 12, 2020 at 10:00 am
LOCATION
Virtual Zoom Meeting
Where: Virtual session hosted by EFG Hermes.
DATE AND TIME
Wednesday, Nov 11, 2020 at 02:30 pm
LOCATION
Virtual session hosted by EFG Hermes.
Where: Zoom
DATE AND TIME
Tuesday, Nov 10, 2020 at 4:00 pm
LOCATION
Zoom
Where: Zoom
DATE AND TIME
Monday, Nov 09, 2020 at 03:30 pm
LOCATION
Zoom
Where: Over Zoom
DATE AND TIME
Wednesday, Nov 04, 2020 at 12:15 pm
LOCATION
Over Zoom
Where: Over Zoom
DATE AND TIME
Tuesday, Nov 03, 2020 at 3:30 pm
LOCATION
Over Zoom
Where: X-3, Manghopir Road, S.I.T.E, Karachi
DATE AND TIME
Monday, Nov 02, 2020 at 3:00 pm
LOCATION
X-3, Manghopir Road, S.I.T.E, Karachi
Where: Virtual Session hosted by EFG Hermes
DATE AND TIME
Monday, Nov 02, 2020 at 02:00 pm
LOCATION
Virtual Session hosted by EFG Hermes
Where: zoom
DATE AND TIME
Saturday, Oct 31, 2020 at 2:30 pm
LOCATION
Zoom
Where: zoom
DATE AND TIME
Saturday, Oct 31, 2020 at 11:00 am
LOCATION
zoom
Where: Company registered office, 242-A, Anand Road, Upper Mall, Lahore
DATE AND TIME
Thursday, Oct 29, 2020 at 11:30 am
LOCATION
Company registered office, 242-A, Anand Road, Upper Mall, Lahore
Where: Zoom
DATE AND TIME
Thursday, Oct 29, 2020 at 11:00 am
LOCATION
Zoom
Where: Head Office, 156 The Mall Rawalpindi
DATE AND TIME
Thursday, Oct 29, 2020 at 9:30 am
LOCATION
Head Office, 156 The Mall Rawalpindi
Where: Zoom
DATE AND TIME
Tuesday, Oct 27, 2020 at 10:00 am
LOCATION
Zoom
Where: Pakistan Stock Exchange Auditorium
DATE AND TIME
Monday, Oct 26, 2020 at 2:30 pm
UNTIL
3:30 pm
LOCATION
Pakistan Stock Exchnage Auditorium
Where: zoom
DATE AND TIME
Tuesday, Oct 20, 2020 at 10:00 am
LOCATION
zoom
Where: zoom
DATE AND TIME
Friday, Oct 09, 2020 at 3:00 pm
LOCATION
zoom
Where: zoom
DATE AND TIME
Friday, Oct 09, 2020 at 3:00 pm
LOCATION
Zoom
Where: PSX Auditorium, 3rd Floor, Administration Block, Karachi
DATE AND TIME
Thursday, Oct 08, 2020 at 4:00 pm
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium, Karachi
DATE AND TIME
Wednesday, Sep 30, 2020 at 04:00 pm
UNTIL
05:00 pm
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium, Karachi
DATE AND TIME
Wednesday, Sep 30, 2020 at 10:00 am
UNTIL
12:00 Noon
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium, Karachi
DATE AND TIME
Thursday, Sep 24, 2020 at 11:00 a.m
UNTIL
2:00 pm
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium, Karachi
DATE AND TIME
Wednesday, Sep 16, 2020 at 04:00 p.m
UNTIL
06:00 p.m
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium, Karachi
DATE AND TIME
Friday, Sep 11, 2020 at 04:30 pm.
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium, Karachi
DATE AND TIME
Monday, Sep 07, 2020 at 01:00 pm.
LOCATION
PSX Auditorium, Karachi
Where: Over Zoom
DATE AND TIME
Monday, Sep 07, 2020 at 11:00 a.m
LOCATION
Over Zoom
Where: PSX Auditorium, Karachi
DATE AND TIME
Monday, Sep 07, 2020 at 11:00 am
UNTIL
12:00 p.m
LOCATION
PSX Auditorium, Karachi
Where: Over Zoom
DATE AND TIME
Friday, Sep 04, 2020 at 10:00 am.
LOCATION
Over Zoom
Where: Over Zoom
DATE AND TIME
Friday, Aug 28, 2020 at 04:30 p.m
Where: Over Zoom
DATE AND TIME
Thursday, Aug 27, 2020 at 03:30 pm
Where: PSX Auditorium, Karachi
DATE AND TIME
Wednesday, Jul 15, 2020 at 03:30 p.m
UNTIL
04:00 p.m
LOCATION
PSX Auditorium, Karachi
Where: Over Zoom
DATE AND TIME
Thursday, Jun 04, 2020 at 3:30 p.m
Where: PSX Auditorium, Karachi.
DATE AND TIME
Monday, Mar 09, 2020 at 03:00 p.m
UNTIL
05:00 p.m
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium, Karachi.
DATE AND TIME
Wednesday, Mar 04, 2020 at 4:30 p.m
UNTIL
05:30 p.m
LOCATION
PSX Auditorium, Karachi
Where: Head Office FFC, 156 The Mall Rawalpindi
DATE AND TIME
Monday, Mar 02, 2020 at 10:00 am
UNTIL
11:00 am
LOCATION
Head Office FFC, 156 The Mall Rawalpindi
Where: PSX Auditorium, Karachi
DATE AND TIME
Thursday, Feb 27, 2020 at 03:00 pm
UNTIL
05:00 pm
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium
DATE AND TIME
Tuesday, Feb 25, 2020 at 11:00 am
UNTIL
1:00 pm
LOCATION
PSX Auditorium
Where: PSX Auditorium, Karachi
DATE AND TIME
Monday, Feb 10, 2020 at 03:30 pm
UNTIL
05:30 pm
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium, Karachi.
DATE AND TIME
Thursday, Jan 30, 2020 at 04:00 pm
UNTIL
06:00 p.m
LOCATION
PSX Auditorium, Karachi
Where: LSEFSL Auditorium, PSX Regional Office, 19-Khayaban-e-Aiwan-e-Iqbal Lahore.
DATE AND TIME
Thursday, Jan 30, 2020 at 03:00 pm
UNTIL
04:00
LOCATION
LSEFSL Auditorium, PSX Regional Office, 19-Khayaban-e-Aiwan-e-Iqbal Lahore.
Where: Company’s head office 125-B, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore
DATE AND TIME
Tuesday, Jan 28, 2020 at 12:30 pm
UNTIL
01:30 pm
LOCATION
Company’s head office 125-B, Quaid-e-Azam Industrial Estate, Kot Lakhpat, Lahore
Where: Institute of Chartered Accountants of Pakistan (ICAP), Karachi
DATE AND TIME
Tuesday, Jan 28, 2020 at 12:30 pm
UNTIL
1:30 pm
LOCATION
Institute of Chartered Accountants of Pakistan (ICAP), Karachi
Where: Beach Luxury Hotel, M.T. Khan Road, Karachi.
DATE AND TIME
Tuesday, Jan 28, 2020 at 11:30 am
UNTIL
12:30 pm
LOCATION
Beach Luxury Hotel, M.T. Khan Road, Karachi.
Where: Beach Luxury Hotel, M.T. Khan Road, Karachi.
DATE AND TIME
Tuesday, Jan 28, 2020 at 11:00 am
UNTIL
11:30 am
LOCATION
Beach Luxury Hotel, M.T. Khan Road, Karachi.
Where: PSX Auditorium, Karachi
DATE AND TIME
Monday, Jan 20, 2020 at 4:00 pm
UNTIL
5:00 pm
LOCATION
PSX Auditorium, Karachi
Where: Registered office, 3rd floor, I.E.P Building 97-B/D-1, Gulberg-III, Lahore.
DATE AND TIME
Monday, Jan 20, 2020 at 03:30 pm
UNTIL
4:30 pm
LOCATION
Registered office, 3rd floor, I.E.P Building 97-B/D-1, Gulberg-III, Lahore.
Where: PSX Auditorium, Karachi
DATE AND TIME
Monday, Jan 20, 2020 at 01:30 p.m
UNTIL
02:30 pm
LOCATION
PSX Auditorium, Karachi
Where: LSEFSL Auditorium, PSX Regional Office, Lahore.
DATE AND TIME
Monday, Dec 30, 2019 at 03:00 pm
UNTIL
4:00 pm
LOCATION
LSEFSL Auditorium, PSX Regional Office, Lahore.
Where: PSX Auditorium, Karachi.
DATE AND TIME
Monday, Dec 30, 2019 at 9:00 am
UNTIL
10:30 am
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium, Karachi
DATE AND TIME
Friday, Dec 27, 2019 at 11:30 am
UNTIL
12:30 pm
LOCATION
PSX Auditorium, Karachi
DATE AND TIME
Thursday, Dec 26, 2019 at 04:00 pm
UNTIL
06:00 p.m
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium
DATE AND TIME
Thursday, Dec 26, 2019 at 11:30 am
UNTIL
12:30 pm
LOCATION
Plot Nos. 26-27-28, Industrial Triangle, Kahuta Road Islamabad
Where: PSX Auditorium, Karachi
DATE AND TIME
Tuesday, Dec 24, 2019 at 03:00 pm
UNTIL
04:00 pm
LOCATION
PSX Auditorium, Karachi
Where: LSEFSL Auditorium, PSX Regional Office, Lahore.
DATE AND TIME
Tuesday, Dec 24, 2019 at 03:00 pm
UNTIL
4:00 pm
LOCATION
LSEFSL Auditorium, PSX Regional Office, Lahore.
Where: PSX Auditorium, Karachi
DATE AND TIME
Wednesday, Dec 18, 2019 at 04:30 pm
UNTIL
06:30 pm
LOCATION
PSX Auditorium, Karachi
Where: The Dawood Foundation Business Hub, Ground Floor, Dawood Center, M.T. Khan Road, Karachi.
DATE AND TIME
Tuesday, Dec 17, 2019 at 3:30 pm
UNTIL
5:30 pm
LOCATION
The Dawood Foundation Business Hub, Ground Floor, Dawood Center, M.T. Khan Road, Karachi.
Where: Iqbal Auditorium Institute of Bankers Pakistan. MT Khan Road. Karachi
DATE AND TIME
Monday, Dec 16, 2019 at 03:00 p.m
UNTIL
05:00 pm
LOCATION
Iqbal Auditorium Institute of Bankers Pakistan. MT Khan Road. Karachi
Where: LSEFSL Auditorium, PSX Regional Office, Lahore
DATE AND TIME
Monday, Dec 16, 2019 at 11:00 am
UNTIL
12:00 pm
LOCATION
LSEFSL Auditorium, PSX Regional Office, Lahore
Where: PSX Auditorium, Karachi
DATE AND TIME
Saturday, Dec 14, 2019 at 10:30 am
UNTIL
12:30 pm
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium, Karachi
DATE AND TIME
Friday, Dec 13, 2019 at 5:00 pm
UNTIL
7:00 pm
LOCATION
PSX Auditorium, Karachi
Where: LSEFSL Auditorium, PSX Regional Office, Lahore.
DATE AND TIME
Friday, Dec 13, 2019 at 2:45 pm
UNTIL
4:00 pm
LOCATION
LSEFSL Auditorium, PSX Regional Office, Lahore.
Where: Auditorium ISE Towers, Blue area, Islamabad.
DATE AND TIME
Friday, Dec 13, 2019 at 11:00 am
UNTIL
1:00 pm
LOCATION
Auditorium ISE Towers, Blue area, Islamabad.
Where: PSX Islamabad Regional Office, Auditorium ISE towers, Islamabad.
DATE AND TIME
Thursday, Dec 12, 2019 at 03:30 pm
UNTIL
5:00 pm
LOCATION
PSX Islamabad Regional Office, Auditorium ISE towers, Islamabad.
Where: PSX Auditorium, Karachi
DATE AND TIME
Thursday, Dec 12, 2019 at 3:00 pm
UNTIL
04:00 pm
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium, Karachi.
DATE AND TIME
Tuesday, Dec 10, 2019 at 4:00 pm
UNTIL
06:00 pm
LOCATION
PSX Auditorium, Karachi
Where: LSEFSL Auditorium, Lahore
DATE AND TIME
Tuesday, Dec 10, 2019 at 03:30 pm
UNTIL
4:30 pm
LOCATION
LSEFSL Auditorium PSX Regional Office, Lahore
Where: PSX Auditorium, Karachi
DATE AND TIME
Monday, Dec 09, 2019 at 10:30 am
UNTIL
12:30 pm
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium
DATE AND TIME
Friday, Dec 06, 2019 at 03:00 p.m
UNTIL
05:00 pm
LOCATION
PSX Auditorium, Karachi
Where: LSEFSL Auditorium, Lahore
DATE AND TIME
Monday, Dec 02, 2019 at 03:30 pm
UNTIL
4:30 pm
LOCATION
LSEFSL Auditorium PSX Regional Office, Lahore
Where: 63/A, Block XX, Phase 3 commercial, Khayaban Iqbal, DHA, Lahore
DATE AND TIME
Monday, Dec 02, 2019 at 3:00 pm
UNTIL
04:00 pm
LOCATION
63/A, Block XX, Phase 3 commercial, Khayaban Iqbal, DHA, Lahore
Where: PSX Auditorium, Karachi
DATE AND TIME
Friday, Nov 29, 2019 at 11:00 am
UNTIL
12:00 pm
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium, Karachi.
DATE AND TIME
Friday, Nov 29, 2019 at 10:00 am
UNTIL
11:00 am
LOCATION
PSX Auditorium, Karachi.
Where: PSX Auditorium
DATE AND TIME
Wednesday, Nov 27, 2019 at 4:00 pm
UNTIL
6:00 p.m
LOCATION
PSX Auditorium
Where: LSEFSL Auditorium, Lahore
DATE AND TIME
Wednesday, Nov 27, 2019 at 03:00 pm
UNTIL
4:00 pm
LOCATION
LSEFSL Auditorium PSX Regional Office, Lahore
Where: PSX Auditorium, Karachi.
DATE AND TIME
Wednesday, Nov 27, 2019 at 02:00 pm
UNTIL
3:00 pm
LOCATION
PSX Auditorium, Karachi.
Where: PSX Auditorium
DATE AND TIME
Tuesday, Nov 26, 2019 at 03:00 pm
UNTIL
05:00 pm
LOCATION
PSX Auditorium
Where: LSEFSL Auditorium, PSX Regional Office, Lahore
DATE AND TIME
Tuesday, Nov 26, 2019 at 3:00 pm
UNTIL
04:00 pm
LOCATION
LSEFSL Auditorium, PSX Regional Office, Lahore
Where: BCJ Hall, Mezzanine Floor, Movenpick Hotel, Club Road, Karachi.
DATE AND TIME
Tuesday, Nov 26, 2019 at 10:30 am
UNTIL
11:30 am
LOCATION
BCJ Hall, Mezzanine Floor, Movenpick Hotel, Club Road, Karachi.
Where: PSX Auditorium, Karachi.
DATE AND TIME
Tuesday, Nov 26, 2019 at 12:00 am
UNTIL
2:00 pm
LOCATION
PSX Auditorium, Karachi.
Where: PSX Auditorium, Karachi
DATE AND TIME
Monday, Nov 25, 2019 at 04:00 pm
UNTIL
5:00 pm
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium, Karachi
DATE AND TIME
Monday, Nov 25, 2019 at 04:00 pm
UNTIL
05:00 pm
LOCATION
LSEFSL Auditorium, PSX Regional Office, Lahore.
Where: LSEFSL Auditorium, Lahore
DATE AND TIME
Monday, Nov 25, 2019 at 03:00 pm
UNTIL
04:00 pm
LOCATION
LSEFSL Auditorium, Lahore
Where: PSX Auditorium
DATE AND TIME
Monday, Nov 25, 2019 at 12:00 PM
UNTIL
1:00 PM
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Monday, Nov 25, 2019 at 11:30 am
UNTIL
12:30 pm
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Monday, Nov 25, 2019 at 10:45 am
UNTIL
11:15 am
LOCATION
PSX Auditorium
Where: 50-C, Main Gulberg, Lahore.
DATE AND TIME
Monday, Nov 25, 2019 at 10:00 am
UNTIL
11:00 am
LOCATION
50-C, Main Gulberg, Lahore.
Where: PSX Auditorium
DATE AND TIME
Monday, Nov 25, 2019 at 10:00 am
UNTIL
10:30 am
LOCATION
PSX Auditorium
Where: 109, Business venue, Block 6, PECHS Shahrah-e-Faisal, Karachi.
DATE AND TIME
Saturday, Nov 23, 2019 at 09:30 am
UNTIL
10:00 am
LOCATION
109, Business venue, Block 6, PECHS Shahrah-e-Faisal, Karachi.
Where: PSX Auditorium
DATE AND TIME
Friday, Nov 22, 2019 at 5:00 p.m
UNTIL
11:00 am
LOCATION
PSX Auditorium
Where: UNIBRO HOUSE: Ground Floor, Plot No. 114, 9th East Street, Phase I DHA, Karachi.
DATE AND TIME
Friday, Nov 22, 2019 at 3:30pm
UNTIL
04:30 pm
LOCATION
UNIBRO HOUSE: Ground Floor, Plot No. 114, 9th East Street, Phase I DHA, Karachi.
Where: LSEFSL Auditorium, PSX Regional Office, Lahore.
DATE AND TIME
Friday, Nov 22, 2019 at 3:30pm
UNTIL
04:30 pm
LOCATION
LSEFSL Auditorium, PSX Regional Office, Lahore.
Where: LSEFSL Auditorium, PSX Regional Office, Lahore.
DATE AND TIME
Friday, Nov 22, 2019 at 3:30pm
UNTIL
04:30 pm
LOCATION
LSEFSL Auditorium, PSX Regional Office, Lahore.
Where: PSX Auditorium
DATE AND TIME
Friday, Nov 22, 2019 at 2:30 pm
UNTIL
4:30pm
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Friday, Nov 22, 2019 at 10:30 am
UNTIL
12:30 pm
LOCATION
PSX Auditorium
Where: Daffodils Hall, Hotel Four Points by Sheraton, 25-Egerton Road, Lahore
DATE AND TIME
Thursday, Nov 21, 2019 at 03:30 pm
UNTIL
4:30 pm
LOCATION
Daffodils Hall, Hotel Four Points by Sheraton, 25-Egerton Road, Lahore
Where: PSX Auditorium
DATE AND TIME
Thursday, Nov 21, 2019 at 3:00 p.m
UNTIL
4:00 p.m
LOCATION
PSX Auditorium
Where: LSEFSL Auditorium, Lahore
DATE AND TIME
Thursday, Nov 21, 2019 at 10:30 am
UNTIL
12:00 pm
LOCATION
LSEFSL Auditorium PSX Regional Office, Lahore
Where: PSX Auditorium
DATE AND TIME
Thursday, Nov 21, 2019 at 10:00 a.m
UNTIL
12:00 p.m.
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Wednesday, Nov 20, 2019 at 4:00 pm
UNTIL
5:00 pm
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Wednesday, Nov 20, 2019 at 01:30 pm
UNTIL
2:30 pm
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Wednesday, Nov 20, 2019 at 10:00 am
UNTIL
11:00 am
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Wednesday, Nov 20, 2019 at 10:00 am
UNTIL
12:00 pm
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Tuesday, Nov 19, 2019 at 4:00 p.m
UNTIL
6:00 pm
LOCATION
PSX Auditorium
Where: LSEFSL Auditorium, Lahore
DATE AND TIME
Tuesday, Nov 19, 2019 at 03:30 pm
UNTIL
4:30 pm
LOCATION
LSEFSL Auditorium PSX Regional Office, Lahore
Where: PSX Auditorium
DATE AND TIME
Monday, Nov 18, 2019 at 3:30 pm
UNTIL
4:30 pm
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Monday, Nov 18, 2019 at 10:30 am
UNTIL
11:30 am
LOCATION
PSX Auditorium
Where: 346- Ferozepur Road, Lahore (Head Office)
DATE AND TIME
Tuesday, Nov 12, 2019 at 3:30 pm
UNTIL
5:00 pm
LOCATION
346- Ferozepur Road, Lahore (Head Office)
Where: PSX Auditorium
DATE AND TIME
Tuesday, Nov 12, 2019 at 10:00 am
UNTIL
11:00 am
LOCATION
PSX Auditorium
Where: PSX Auditorium, Karachi
DATE AND TIME
Friday, Nov 08, 2019 at 11:00am
UNTIL
12:00 noon
LOCATION
PSX Auditorium, Karachi
Where: PSX Auditorium
DATE AND TIME
Thursday, Nov 07, 2019 at 3:00 p.m
UNTIL
5:00 p.m.
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Wednesday, Nov 06, 2019 at 03:00 p.m
UNTIL
06:00 p.m
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Wednesday, Nov 06, 2019 at 10:00am
UNTIL
11:00 am.
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Thursday, Oct 24, 2019 at 11:30 a.m
UNTIL
12:30 p.m.
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Wednesday, Oct 16, 2019 at 10:00AM
UNTIL
12:00PM
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Thursday, Oct 10, 2019 at 3:00PM
UNTIL
5:00PM
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Wednesday, Oct 02, 2019 at 4:00PM
UNTIL
6:00PM
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Monday, Sep 30, 2019 at 3:00PM
UNTIL
5:00PM
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Monday, Sep 30, 2019 at 11:00AM
UNTIL
1:00PM
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Friday, Sep 27, 2019 at 3:00PM
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Friday, Sep 27, 2019 at 2:30PM
LOCATION
PSX Auditorium
Where: PSX Auditorium
DATE AND TIME
Thursday, Sep 26, 2019 at 3:00PM
UNTIL
5:00PM
Where: PSX Auditorium, Karachi
DATE AND TIME
Monday, Sep 16, 2019 at 03:00 pm
UNTIL
04:00 pm
LOCATION
PSX Auditorium, Karachi
03:00 pm
Date & Time: Dec 01, 2020, 3:00 pm Venue: Zoom
The Stock Exchange is a place where shares of listed companies are bought and sold. Companies list themselves on the stock exchange to raise capital. Shares of companies are traded, after they are listed, through a process of Initial Public Offering (IPO) or Secondary Public Offering (SPO). The share purchase represents ownership of the shareholder in a company to the extent of amount contributed by the investor to the capital of that company.
Corporate Bonds (Term Finance Certificates - TFCs etc.) and Government Debt Securities - GDS (Treasury Bills etc.) are also listed and traded on the Stock Exchange. Bonds are listed by a company that wants to raise capital in return for fixed periodic payments as mark-up and the eventual return of principal to the investor. GDS are listed by the Government to raise capital whereby the securities give fixed periodic returns as profit with eventual return of principal to the investor.
A company floats its shares for the first time through an IPO in the share market. These shares can be purchased by filling and submitting the share subscription form along with the payment of subscription amount through cheque (or through any other instrument of payment recommended by the issuer company) at a branch of the designated bank(s). The shares are subscribed at a pre-designated price. In an SPO, shares are offered by a listed company by way of issuing new shares, called Right Shares, or through off-loading of more shares (held by directors and others) in the market. The share price is set on the stock exchange platform as the shares are bought and sold.
Pakistan Stock Exchange (PSX) has more than 500 listed companies distributed amongst more than 35 sectors. There are 11 Indices listed on PSX board. Part of the PSX ecosystem are the CDC (Central Depository Company) through which delivery of shares takes place, and NCCPL (National Clearing Company of Pakistan Limited) through which settlement of shares takes place.
Potential Investors are advised to contact a TREC (Trading Right Entitlement Certificate) holder/ licensed brokerage firm for their account opening and trading on the Stock Exchange.
Primary market/ IPO – Dos: A (prospective) investor must read the Prospectus/ Abridged Prospectus issued against an IPO carefully and note the following:
Primary market/ IPO – Don’ts:
Secondary Market– Dos:
Secondary Market – Don’ts:
Following are some of the important considerations before investing in the stock market:
DIVERSIFY YOUR INVESTMENT: The best way to minimise risk is to diversify your investments across various investment products. If equities are your sole investments, it makes sense to diversify between different sectors and companies. In this way, loss incurred on some investments can be absorbed or compensated by gains made in others.
UNDERSTAND YOUR RISK PROFILE: As an investor, you must choose between how much risk you can take as all investments carry a certain amount of risk. Consider an investment product not only according to your requirements and how much capital you can invest, but also according to your tolerance of risk. Depending on how ‘risk averse’ or ‘risk-prone’ an investor you are, you may choose an investment accordingly.
DO YOUR HOMEWORK BEFORE YOU INVEST: To invest well, you must gather and understand all relevant information regarding the investment you are going to make. This includes studying companies’ annual reports, accounts and other statements while keeping abreast of what is happening in the said sector or industry. Consult your investment adviser/ stockbroker to get the latest market information about shares you wish to buy or sell. Do not buy into rumours or be pressured by anyone’s grave but unfounded recommendations before making an investment decision.
THINK LONG TERM: Investment in shares does not necessarily result in instant yields. Do not invest any money which you may need immediately, since the price of shares can go up and down. Studies have shown that investments properly timed and based on strong fundamentals have been proved to be very profitable for investors in the longer term.
JUDGEMENT OF TIMING: The aim of investing in stocks and shares is to buy at low and sell at high. Knowing when, however, is the challenge. While it is not easy to time the market, investors should try their best to buy when the upswing has begun, and sell as the downswing starts.
AVOID HERD MENTALITY: The stock market is driven by two emotions: greed & fear. People are usually caught up in the boom hype and pay beyond the worth of shares. This is the greed that drives bull markets. Don’t allow greed to become your need. In bear markets, people get carried away with the ruling pessimism and are eager to sell their investments believing in the worst rumours. This is the fear that dominates bear markets.
BEWARE OF SCAMS: Beware of promises of quick profits or sky high returns. Investors must bear in mind that higher the gain on investments, higher is the risk involved. This is the fundamental risk/ reward trade-off.
KEEP AN EYE ON STOCKS’ PERFORMANCE: Investors must keep an eye on the performance of stocks. They can do so through newspapers, digital media, investment magazines, brokerage firms’ research articles or through other media. A company’s stock performance can take a boost or downturn based on some fundamental changes in the company such as a structural or financial reform. Similiarly, a company can face seasonal or circumstantial boom resulting in better stock performance.
TAXES & COMMISSIONS: As an investor, you must know the rates of taxes and commissions charged by the Federal Board of Revenue/ Brokerage firm as these affect your costs and hence your returns. There is no prescribed rate of commissions charged and it can vary from firm to firm. Investors must take into consideration the taxes that will be deducted from the trading transactions they will undertake. (For details on current taxes and charges levy, contact your brokerage firm).
DIVIDEND & DIVIDEND YIELD: An investor may invest in stocks of a company for its Dividends.
Dividend is the return paid to shareholders out of the profits of the company. Dividend can be cash dividend or bonus dividend/ shares. Dividends may be paid out by a company more than once a year.
Cash dividend provides for a measure called Dividend Yield. Yield is the measure of cash flow that an investor gets on the amount invested in a security. Dividend Yield is a financial ratio that indicates how much cash dividend a company pays in terms of its share price. Dividend yield is calculated by dividing the cash value of the dividend by the share price. It is defined in percentage.
EARNING PER SHARE (EPS): This is a ratio calculated by dividing a company’s net profit after tax by the number of shares outstanding. It’s a measure of the strength of the company in terms of its earning capability for each share issued.
PRICE EARNING RATIO (P/E): This is a ratio calculated by dividing the current share price by its EPS. It’s a measure of valuation and indicates whether the price of a share is realistic and is in-line with its earning. If the share is over-priced, then the ratio will be high and if the share-price is low, the ratio will be low.
BOOK VALUE OR BREAK-UP VALUE: Book Value per share is calculated by dividing the total equity of a company by its number of shares outstanding. This ratio indicates the asset coverage that each equity share represents in the company.
CAPITAL GAIN: Capital gain is the selling of shares at a higher price than the purchase price. Multiple such trades can result in multiple capital gain accruing to the investor.
COMPOUNDING: Compounding is the process in which an asset’s earnings, from either capital gains or profit, are reinvested to generate additional earnings over time. This Investment will generate earnings from initial principal and accumulated earnings from preceding periods.
DIVIDEND REINVESTMENT: This is the process whereby cash dividends earned from a company are reinvested for stock investment.
Pakistan Stock Exchange has begun an initiative to develop awareness of public at large about the financial concepts, investment basics and financial planning. The objective is to ensure the general public is equipped with knowledge related to financial and retirement planning & basic concepts of investments, stock market investments and other investment related considerations.
Financial education enhances the consumers/investors understanding of financial products and concepts through information, instruction and/or objective advice. Simultaneously it develops the skills and confidence among investors/consumers to be able to gauge financial risks and opportunities so that they can make informed choices, to know where to go for help, and to take other effective actions to improve their financial well-being.
The Open Sessions aim to improve the learning curve and to create awareness about investment avenues. These sessions are meticulously planned by PSX team and are geared toward maximization of investment activity.
The Pakistan Stock Exchange Limited (formerly: Karachi Stock Exchange Limited), being the frontline regulator, plays a proactive role in ensuring that investors’ interest remains protected. Securing the interest of small investors is of prime importance to the Pakistan Stock Exchange Limited (formerly: Karachi Stock Exchange Limited).
In order to keep a vigilant eye on investors’ issues and to provide a platform to the general public for voicing their concerns, Default and Arbitration Wing within Regulatory Affairs Department of Pakistan Stock Exchange Limited (formerly: Karachi Stock Exchange Limited) has been set up.
The Default and Arbitration Wing is responsible for ensuring that grievances/ complaints of the general public concerning investment and trading of securities are heard and redressed, in a quick and efficient manner. This Wing is also responsible for proposing disciplinary actions against defaulting brokers.
Since 2008, this Wing has been working under the supervision of General Manager/ Chief Compliance Officer and has recommended disciplinary actions such as, suspension /expulsion/ forfeiture of membership/ TRE Certificate of 14 Brokerage Houses of Pakistan Stock Exchange Limited (formerly: Karachi Stock Exchange Limited) and settled claims valuing Rs.2.6 billion transparently.
This Wing liaises with Securities and Exchange Commission of Pakistan (SECP), National Accountability Bureau (NAB), Federal Investigation Agency (FIA), Prime Minister’s Inspection Commission (PMIC), Federal and Provincial Ombudsman Offices in the matter of complaints lodged against the Member/ TRE Certificate Holders of the Exchange.
This includes senior members of PSX Management. One senior member is nominated by CRO in consultation with the Managing Director-PSX for constituting sub-panel of arbitrators.
The Panel of Industry Experts was last updated in August 2019 and currently reviewed in September 2020.
Sr. No | Name of Complainant | CNIC no. | Date of Award Issued |
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1 | Mr. Muhammad Sarwar Khan | 35200-0220602-7 | September 24, 2020 |
M. Amin Qazi | |||||
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Professional qualification (s) | LLM (White Collar Crimes)
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Associations with companies
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NBP (EVP) International Finances & Remittances Group.
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Membership of professional bodies,
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Advocate High Court
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Other pertinent information, if any | Ex-Director NAB Sindh. (FCIW)
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Mr. Asif Mahmood | |||||
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Professional qualification (s) | Chartered Accountant
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Associations with companies
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Membership of professional bodies,
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Fellow member of the following institutes
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Other pertinent information, if any |
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Sayyid Mansoob Hasan | |||||
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Professional qualification (s) | FCMA, ACIS, Accredited Mediator and Arbitrator, Certified Lead Assessor
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Associations with companies
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Current
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Membership of professional bodies,
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Other pertinent information, if any |
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Imran Afzal, Deputy Managing Partner | |||||
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Professional qualification (s) |
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Associations with companies Current and prior |
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Membership of professional bodies,
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ICAP,
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Other pertinent information, if any | - |
Muhammad Iqbal Ghori, Director Finance and Strategy | |||||
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Professional qualification (s) |
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Associations with companies Current and prior |
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Membership of professional bodies,
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Other pertinent information, if any | - |
Hadia Awan DR., Principal | |||||
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Professional qualification (s) |
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Associations with companies Current and prior |
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Membership of professional bodies,
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Member Punjab Bar Council
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Other pertinent information, if any | Had been a Civil Judge, Mediator and Arbitrator
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Wasif Majeed | |||||
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Professional qualification (s) |
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Associations with companies Current and prior | N/A
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Membership of professional bodies,
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Other pertinent information, if any | - |
Shakeel Awan, Corporate & Banking Lawyer | |||||
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Professional qualification (s) |
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Associations with companies Current and prior |
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Membership of professional bodies,
|
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Other pertinent information, if any | Corporate & Banking Lawyer
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Rizwan Bashir, Managing Partner, Rizwan & Company, CA | |||||
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Professional qualification (s) |
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Associations with companies Current and prior | NIL
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Membership of professional bodies,
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Other pertinent information, if any |
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Khurram Rahat- Senior Vice President, Middle East & South Asia | |||||
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Professional qualification (s) |
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Associations with companies Current and prior | No association with listed companies
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Membership of professional bodies,
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Member Steering Committee, National Cloud and Big Data Program
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Other pertinent information, if any | Following PSX stocks since 1990; managing equity personal portfolio
|
Waqar Ali Khan - Business Advisor, TMRC Consulting, Islamabad Senior Consultant, North American Institute of Information Technology, Toronto, Canada | |||||
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Professional qualification (s) |
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Associations with companies Current and prior | No association with listed companies, except have some minor trading and investment activities at the PSX in shares of listed companies and investments in mutual funds.
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Membership of professional bodies,
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Other pertinent information, if any |
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Muhammad Naveed Akhtar - Performance & Planning Manager at United Energy Pakistan Limited (a foreign E&P company) | |||||
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Professional qualification (s) |
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Associations with companies Current and prior | No association with listed companies, except that my father & brother are working as senior executives for Shakarganj Mills Limited & Fauji Fertilizer Bin Qasim Limited. Father is also a member BoD at Altern Energy Limited. I however have some minority stakes in around 36 listed companies & a few mutual funds.
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Membership of professional bodies,
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Other pertinent information, if any |
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Masoom Akhtar - Partner Masoom Akhtar & Co. Chartered Accountants | |||||
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Professional qualification (s) |
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Associations with companies Current and prior | Never associated with any TRE certificate Holder.Independent director of ISE Towers REIT Management Company Limited, an unlisted Public Limited Company with status of NBFC.
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Membership of professional bodies,
|
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Other pertinent information, if any | Nil
|
Zainab Effendi-Haqqi | |||||
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Professional qualification (s) |
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Associations with companies Current and prior |
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Membership of professional bodies,
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Other pertinent information, if any | Nil
|
Mohammad Aslam Malik | |||||
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Professional qualification (s) |
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Associations with companies Current and prior |
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Membership of professional bodies,
|
Institute of Chartered Accountants of Pakistan
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Other pertinent information, if any | Running Audit Firm for more than 50 years having offices at Lahore, Karachi, Islamabad and Quetta. Five Partners Firm
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Nazir Ahmed Shahaeen- CEO Nazir Shaheen & Associates, Islamabad | |||||
---|---|---|---|---|---|
Professional qualification (s) |
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Associations with companies Current and prior |
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Membership of professional bodies,
|
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Other pertinent information, if any | Retired Executive Director and Registrar of companies, SECP
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Rana Muhammad Shahid Saleem - Senior Manager NCCPL Islamabad Office | |||||
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Professional qualification (s) |
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Associations with companies Current and prior |
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Membership of professional bodies,
|
-
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Other pertinent information, if any | Member Conciliatory Committee (Thana Sabzi Mandi) Since 2017
|
Waseem Majid Malik, Partner, WMM & Associates | |||||
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Professional qualification (s) |
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Associations with companies Current and prior |
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Membership of professional bodies,
|
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Other pertinent information, if any | -
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Riaz Hussain | |||||
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Professional qualification (s) |
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Associations with companies Current and prior |
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Membership of professional bodies,
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-
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Other pertinent information, if any | -
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Muhammad Samiullah | |||||
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Professional qualification (s) | M.A. (Eco) LL.B. DAIBP
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Associations with companies
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Current
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Membership of professional bodies,
|
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Other pertinent information, if any |
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Vishal Shamsi - Barrister-at-Law | |||||
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Professional qualification (s) |
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Associations with companies
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Membership of professional bodies,
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Other pertinent information, if any |
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Yasir Masood - Executive Director & CFO | |||||
---|---|---|---|---|---|
Professional qualification (s) |
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Associations with companies
|
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Membership of professional bodies,
|
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Other pertinent information, if any | Around 22 years experience of Management, Finance,
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Murtaza Abbas Mooman, Chief Strategy officer & Director Investments | |||||
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Professional qualification (s) |
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Associations with companies Current and prior |
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Membership of professional bodies,
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Fellow Member CIMA & CA
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Other pertinent information, if any | - |
Qaisar Perwaiz Mufti | |||||
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Professional qualification (s) | FCMA, FCIS, DAIBP
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Associations with companies
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THK Associates (Pvt.) Ltd., DYL Motorcycles Ltd., ZIL Ltd., Sindh Bank Ltd., Service Industries Ltd. etc.
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Membership of professional bodies,
|
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Other pertinent information, if any | - |
Barrister Afnan Saiduzzaman Siddiqui | |||||
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Professional qualification (s) |
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Associations with companies
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Current: Partner (Jan 1, 2017 – Present) J. Saiduzzaman Siddiqui & Co. LLP
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Membership of professional bodies,
|
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Other pertinent information, if any |
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