We reproduce some of the questions, which are repeated asked by clients. These Q&As may help you understand the working of the stock market. If you too have any question in your mind please send us your query immediately.
ANS. Thank you for your appreciation it is feed back from people like you, which encourages us to constantly improve our site. Yes you can open an account with us in fact any individual, joint account holder, firm or corporate entity can open and maintain an account with us.
ANS. The minimum requirement for opening an account with us is Rs 25,000/- or share deposit of equivalent value.
ANS. Most shares have now become electronic i.e the physical shares have to be sent to the Central Depository Company (CDC) where the shares are converted to electronic entries. Once the shares are available in your sub-account with the broker they can be sold immediately. It is recommended that you convert all your physical shares to CDC for ease of transaction in future.
ANS. Carry Over Trading (COT) or Badla as it is locally known is a financing mechanism. It simply means that the traders who want to carry forward their trades to the next day can do so through the COT trade. The COT market provides an opportunity for those with surplus funds to invest in a relatively safer avenue and get reasonable returns. Please note that the rate of return is not fixed and varies every day. However you can have an overall idea of the COT rates by visiting this site.
ANS. We normally maintain a margin of 30%. The margin acts as an early warning signal for the client and he becomes aware that he needs to reduce his position in order to avoid further losses. Once the position goes below the prescribed margin we alert the client so that he can either increase his deposit or reduces his position.
Yes there is a great deal of media hype about online trading this is part of marketing strategy by some brokers. The fact is that the actual terminals of Lahore Stock Exchange (G) Ltd., are available for remote trading by clients. Your orders directly reach the serv ers of LSE and are not routed through 3rd party soft wares. In addition to the Remote Trading terminals clients can trade through the web too. For more details Go to Online Trading on this site.