People of Gilgit encouraged to invest in stocks

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KARACHI: In order to raise awareness about stock investments, the Pakistan Stock Exchange (PSX) conducted a public awareness session in Gilgit on Tuesday.

Gilgit-Baltistan Minister for Works Dr Muhammad Iqbal was the chief guest of the event, which was coordinated by Gilgit-Baltistan Chamber of Commerce and Industry along with two brokerage firms of PSX (TRE certificate holders), namely JS Global Capital Limited and Zahid Latif Khan Securities Limited.

Speaking on the occasion, GBCCI President Imran Ali said it was encouraging that PSX was taking keen interest in educating the public on stock investments by holding this event for the second time in the region.

He said there were many potential investors in Gilgit-Baltistan; however, no brokerage firm or branch thereof existed in the entire region. He hoped to see establishment of brokerage houses their branch offices to cater to the demand in the region.

The participants were given a detailed overview on PSX and stock investments, including the history of the PSX, investment avenues, risk/return parameters, long term investments, and considerations while investing.

The participants were briefed on structural, strategic and regulatory developments. They were also explained how the stock market was comparatively a good avenue for long term investments.

In his address, Gilgit-Baltistan Minister for Works Dr. Muhammad Iqbal said that the event conducted by PSX to educate the masses of GB was a commendable step. He lauded the efforts of PSX for giving priority to GB in this regard and assured complete support and cooperation to PSX for its future plans and programmes in GB.

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