Securities and Exchange Commission of Pakistan’s Investor Education Programme

Lahore, July 23, 2012 (PPI-OT): Lahore Stock Exchange held its first session of SECP Investor Education Program this Friday which was attended by a huge number of general investors. High officials from SECP, NCCPL, CDC and ICAP also participated in the session.

Joint Registrar of Companies / In-charge, Securities and Exchange Commission of Pakistan, Mr. Liaqat Ali Dolla, Joint Registrar Companies Registration – SECP, Mr Shaukat Hameed, Deputy Director – SECP, Mr. Usman Mirza, Regional Head Central Depository Company, Mr. Zafar Iqbal and Manager National Clearing Company –Lahore branch, Mr. Waheed Zafar along with the LSE officials attended the session.

Nadeem Asghar Head of Investor Relation Department addressed the participants and briefed that a prudent investor chooses an investment product not only according to his goals and the amount of capital available but also according to the risk appetite.

While highlighting the rights and responsibilities of the investors, he explained how an investor can lodge complaint with the Exchange in case he/she is not satisfied with the services of the broker.

Ms. Hifsa Siddiqi from Investor Relations Department also elaborated the basics of investments with pros and cons of investing in different financial products. She also explained the fact that how diversification across various investment instruments safeguards the investors interest.

The Investors were also given an insight about the features of insurance, mutual funds, commodities, debt and equity markets. The facilities provided by the Securities and Exchange Commission of Pakistan (SECP), Central Depository Company (CDC) and National Clearing Company Limited (NCCPL) for the investors were also discussed in detailed.

At the end of the session, a detailed questions answer session was conducted. General investors asked several questions from the Officials of Securities and Exchange Commission of Pakistan which were then answered by them in detail.

The Securities and Exchange Commission of Pakistan (SECP) and Institute of Capital Market (ICM) along with financial market stakeholders (KSE, LSE, ISE, NCCPL, CDC, MUFAP, PMEX, IAP) have developed a countrywide `Investor Education and Awareness Program’ launched from July 13, 2012. As part of this program, it was the first session conducted by the Lahore Stock Exchange for the general investors.

The basic purpose of the program is the promotion of investors understanding of risk and reduced vulnerability to fraudulent schemes. Expanding outreach of financial products and services and encouraging short term as well as long term saving culture is also an important component of the program.

However, the basic objective of the program is to build investor confidence in the non-banking financial markets which includes stock exchanges, commodity market, insurance, mutual funds etc. The investor education is widely recognized as being crucial for sustainable growth of the financial markets, ensuring investor protection and bolstering confidence in the markets.

For more information, contact:
Lahore Stock Exchange (LSE)
19, Khayaban-e-Aiwan-e-Iqbal,
P.O. Box: 1315,
Lahore-54000, Pakistan
Tel: +9242 636 8000
FAX: +9242 636 484 -85
E-mail Address: info@LahoreStock.com
Web Site: http://www.lse.com.pk