Lahore, October 28, 2014 (PPI-OT): In its efforts to educate investors, students and general public and to create awareness among the investors regarding the capital market and in particular the working of the stock exchanges, Lahore Stock Exchange Limited, from time to time organizes events for investors of the region. Financial Market plays a vital role in building the nation and for progress of economy of the country.
It is inevitable for the investors to have concrete knowledge about the financial sector of the economy for which Lahore Stock Exchange has taken different initiative including financial literacy program for the students.
Foreseeing the importance of working of stock exchange and thereon rights of investors, Investor Awareness Programs are being regularly conducted by Corporate Communication Department of LSE in different location of the region. In continuations of its efforts, Corporate Communication Department of Lahore Stock Exchange has arranged an awareness session for the regional investors in the Auditorium of the Exchange. A large number of investors attended the session.
Mr. Mujahid Nadeem, Head of Operations of LSE addressed the participants highlighting the initiatives taken by SECP, LSE, CDCPL and NCCPL for protection of the investors. Speaking on the occasion, Mr. Mujahid also explained about salient features of Government Debt Securities (GDS) and modalities to trade in GDS Market.
It is worth to mention that Brochure on GDS was also distributed to the participants especially designed for the general investor. He further elaborated the rights and responsibilities on part of investors, brokers and listed companies as provided in the different jurisdictions like Companies Ordinance, SECP Act, CDC, NCCPL and Regulations of the Stock Exchanges. Mr. Mujahid highlighted the efforts of LSE for the initiatives taken for the transparency in trading and protection of the investing community of the economy.
He elucidate that LSE has provided various services for the market participant in general and for the investors in particular which include Investors Education Program, Financial Literacy Initiatives, revamping of LSE Website, Research Portal for information of companies, services of SMS alerts for trade confirmation to those clients who traded through LSE’s trading system, establishment of Corporate Communication Department to deal with market participants.
He further advised the participants to acquire proper knowledge and information prior to inject their saving in the capital market. For better return on the invested capital in equity market, investors should build independent opinion about the trend of the market rather to follow the rumour thorough research and analysis. So, well-thought of investment decision based on knowledge and fundamentals of the securities may be real assistance to the investors.
At the end of presentation, question and answer session was also held wherein Mr. Mujahid Nadeem addressed the questions of the participants.
The investors were also asked to provide their feedback for improvement of the stock market working. Responding a question, Mr. Mujahid, told the investors that brochures like GDS are also being prepared for the equity market, Derivatives etc.
In a message by Mr. Aftab Ahmed Ch. CEO/Managing Director of LSE, he said that being a frontline regulator, it is our duty to watch the interest of investors. The investors should have their firm faith on us and he also assured that LSE shall proactively take necessary steps to resolve their problems in their best interest and for protection of their capital.
He further said that LSE has taken different initiatives to foster the investors’ confidence. The investors expressed their gratitude for the management of LSE for holding of such programs and requested the management to hold session in cities other than Lahore. Further investors proposed to enhance timings and frequency of such sessions.
For more information, contact:
Barkat Ali Anjum
Deputy Manager-Media and Public Relations Department
Lahore Stock Exchange (LSE)
Lahore Stock Exchange Building,
19, Khayaban-e-Aiwan-e-Iqbal, P. O. Box: 1315,
Lahore – 54000, Pakistan