Karachi March 14 2022: PSX Introduces the Sahulat Account for retail investors who want to invest in stock market with utmost continence & simplicity. An investor can start by just filling a simplified account opening form & submitting copy of CNIC.
Sahulat Account is an ideal opportunity for local investors. Whether you are a student, housewife, novice investor or someone wanting to make an entry and invest in the stock exchange, the Sahulat Account is for you.
In this respect, for clarity, NCCPL state that Sahulat Account Holders are required to submit the copy of valid CNIC/ SNIC only and there is no requirement to provide any proof or documentary evidence in respect of:
(a) Mailing/ permanent address of Investor
(b) Source of income
(c) Proof of Occupation
(d) Gross Annual Income
Under Sahulat Account an individual can
(a) Purchase positions up to PKR 800,000/
(b) Gross trades of upto PKR 1.6 million per day
(c) Net trades of upto PKR 800,000/- per day
(d) Sell securities up to their full value
Sahulat Account can be opened for each investor as a single individual without any joint account holder, Account Holders can convert their account to normal trading account anytime they want, Investors can trade freely in the Regular Delivery Contract Market also known as Ready Market, Trading in leveraged products, i.e: Margin Trading System, Margin Financing, Stock Landing Borrowing, and Negotiated Deals Market is restricted, hence saving investor from unnecessary risk.
