He said that investors must ensure that they were trading through approved brokers of the stock exchange and SECP and that they were maintaining their own CDC accounts for safe placement of their shares. He further said that the ISE is committed to promote investment culture in the country. In order to broaden the base of the capital market, education and awareness of masses on financial system and stock markets is necessary. The educated investors can make informed investment decisions.
Niazi highlighted the available investment avenues and role and function of stock exchanges and their importance for the developing economy of the country. He said that many people with the money were not aware of the stock and commodity exchanges. He said that the people with small saving could participate in the stock investment. Pakistan Mercantile Exchange was also functioning and facilitating trading in gold, rice, oil and certain other commodities.
Replying to various questions of the participants, particularly 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 demutualization and awareness of investors was also must to reduce such happenings.
Saeed Khan joint registrar of companies Peshawar also attended the session. He briefed the students about the role of SECP, benefits of corporatization of businesses and procedure of registration of companies. The session was also attended by a large number of students.
Dr Zahoor-ul-Haq, Dean Department of Management Sciences appreciated the efforts of Islamabad Stock Exchange and Securities and Exchange Commission of Pakistan for arranging the awareness seminar for the students and general public. He said such activities will promote investment culture in the country and students will definitely benefit from such events. It may be noted that the awareness session 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.