National Clearing Company of Pakistan Limited (NCCPL) has introduced the biometric verification process and it is mandatory to complete this verification in order to keep the equity trading account active.
To proceed with the biometric verification, please follow the steps outlined below:
If the biometric verification is not completed within 45 days, the trading account is blocked by NCCPL.
You can fund your equity trading account through electronic transfer, crossed cheque, bank drafts, pay orders and any other banking instrument.
For getting speedy credits in your trading account, please deposit/transfer your funds in any of the Alfalah CLSA Securities bank accounts and email the deposit slip/electronic fund transfer confirmation at [email protected] through your email id registered with Alfalah CLSA Securities.
Alfalah CLSA Securities will credit the fund to your trading account as soon as they reflect in Alfalah CLSA Securities bank account. CASH deposit above PKRs.25,000 is strictly prohibited.
Changes to the basic details of the account can be made through a written request duly signed by the main applicant and joint account holder(s) if any.
Download the written request draft and fill in the details you would like to update and email us scanned copy of the duly signed request letter along with the scan copy of supporting document (if any) at [email protected] from your registered email address.
On receipt of your email, the request will be forwarded to NCCPL for processing. We will inform you once the request is processed by NCCPL.
Futures and leverage trading is restricted for
Sahulat account holders but Standard account holders can enjoy the facility to
trade in leverage products.
Trading lot is an acceptable 'number of shares' that an investor can buy or sell during the open market timing at the Karachi Stock Exchange.
A symbol is a unique, market-approved code that identifies a particular security on an exchange. The symbol generally reflects the name of the security. For example, the symbol for the K-Electric Limited is KEL.
When you instruct your broker to execute the buy / sell trade at any market price available. Market orders increase the risk that an order will be filled at a price you don't like, and does not suit the investors' interests in volatile markets. The up side, of course, is that by waiting for your price the stock you want gets away from you, or the stock you want to unload just keeps falling.
The opposite of a Market order is a Limit order, in which the broker is instructed to buy or sell the share at your desired price. Market Order always contains a risk of being executed at a price above or below the last scene rate because of the quick fluctuations of share prices.
Equity is the ownership of shares in a corporation in the form of common stock or preferred stock. It also refers to total assets minus total liabilities, in which case it is also referred to as shareholder’s equity or net worth or book value.
The Trader facility is available for our Premium account holders. They enjoy the benefit of having an experienced equity trader assigned to them, who provides customers with guidance for investments and also help by placing their orders on their instructions.
To avail the trader facility, kindly email us at [email protected] from your registered email address.
Facility to withdraw fund from your trading account is available on all trading platforms i.e. Trading terminal, Web-based terminal and mobile application. Select the option “Cash withdrawal” from the trading menu and select the options at your convenience.
Cash can be withdrawn through Cheque delivery as well as through Online transfer in your bank account. The amount is available on the basis of the availability of fund on settlement date and minimum maintenance balance policy of Rs.5,000/- cash in your account.
Account can be closed through a written request duly signed by the main applicant and joint account holder(s) if any. Fill in the account number and email us a scanned copy of the duly signed request at [email protected] from your registered email address.
On receipt of your email, the request will be forwarded to NCCPL for processing. Account closing request will be processed subject to Nil balance in account.
The quantity below the market lot of shares are termed as ODDLOT. For instance the market lot of OGDC is 100 and if you have below 100 shares then it means that you have shares in ODD LOT form. You can trade by selecting ODL through Drop Down Menu in Market in BUY/SELL Order window in trading terminal.
A market lot concept applies to the ready market counter only, it is an acceptable 'number of shares' that an investor can buy or sell at the Karachi Stock Exchange.
When you instruct your broker to buy shares for you at or below a certain price, or sell shares at or above a certain price, you've entered a limit order. Limit orders reduce the risk that an order will be filled at a price you don't like, and best suit the investors' interests in volatile markets.
The down side, of course, is that by waiting for your price the stock you want gets away from you, or the stock you want to unload just keeps falling. The opposite of a limit order is a market order, in which the broker is instructed to execute the trade at any market price available.
Stop Loss trading is a form used to prevent unusual and large amounts of losses. It allows the client to place a rate below the current market price if there is a drop expected. In this manner, a client can minimize losses by placing a rate as maximum loss.
Margin call
can be simply explained as a message sent to the client when his/her margin
deposit falls below 30% of his exposure. Margin calls are sent to client via
email.