For Trading cryptocurrencies join the following platforms

1)  Bybit: https://partner.bybit.com/b/songachi

(2)  MEXC : https://www.mexc.com/en-US/register?inviteCode=mexc-1PfPi

(3)  Bitmart: https://www.bitmart.com/register-referral/en?r=WmQMuj

OPEN YOUR BROKERAGE ACCOUNT:

After the selection of your brokerage firm, you will open a Brokerage Account. You must ensure that the said Account is opened in your name. You will be given a Client Identification Number or an Account Number against this account. Read the terms & conditions prescribed in the Account Opening Form and make sure that they match with the Standard Account Opening Form available on the PSX website.

Subsequently you will open a CDC Sub Account. The CDC Sub Account is the account through which you can actually trade in the stock market.

You are also encouraged to open a CDC Investor Account. This account is opened at the CDC, thereby adding to greater safety and individual custody of your shares.

You must make sure that you are assigned a Unique Identity Number (UIN). It is this number against which all your brokerage accounts and transactions will be recorded.

You will also need to deposit initial funds to purchase shares. Make sure that it is not a cash deposit.

PLACE YOUR ORDER & GET CONFIRMATION:

Once you have decided which companies’ shares to buy, you should place your orders through your stock-broker (or through the online application provided by your brokerage firm)

After placing the order and execution of the same, you should get a Trade Confirmation against your executed order.

For Trading cryptocurrencies join the following platforms

1)  Bybit: https://partner.bybit.com/b/songachi

(2)  MEXC : https://www.mexc.com/en-US/register?inviteCode=mexc-1PfPi

(3)  Bitmart: https://www.bitmart.com/register-referral/en?r=WmQMuj

SETTLEMENT OF TRANSACTIONS & STOCK MARKET ECOSYSTEM:

The shares purchased or sold are settled (payments made or received) through NCCPL (National Clearing Company of Pakistan Limited). The exchange of shares takes place through the CDC (Central Depository Company Limited). These two organisations and the brokerage firms/ TREC holders form the major part of the ecosystem of PSX.

ONLINE TRADING FACILITY:

Many brokerage firms offer Online Trading facility for its customers. This allows you as an investor to trade by yourself on the Stock Exchange through the online application or software.

BASIC TAXES & CHARGES:

There are several taxes and charges applicable on shares trading at PSX; the basic ones are listed as follows:

CGT (Capital Gains Tax) [Tax Return Filers: 15%, Tax Return Non-filers: 20%], Brokerage Commission [Varies amongst brokerage firms], CVT, IPF, SECP Fee etc.

SEQUENCE OF STEPS TO START INVESTING IN STOCKS:

• Define your investment objectives.
• Shortlist a number of registered and licensed brokerage firms based on your preferences.
• Select a brokerage firm that fits your requirement.
• Open a Brokerage Account, CDC Sub Account and a CDC Investor Account.
• Deposit funds in your account through cheque.
• Select the companies to invest into based on some or all of the parameters mentioned in the Basic Guidelines for Stock Investment, your preferences and discussing the same with your stock-broker. Thereby building your portfolio.
• Start investing.

For Trading cryptocurrencies join the following platforms

1)  Bybit: https://partner.bybit.com/b/songachi

(2)  MEXC : https://www.mexc.com/en-US/register?inviteCode=mexc-1PfPi

(3)  Bitmart: https://www.bitmart.com/register-referral/en?r=WmQMuj