January 14, 2003	Tuesday	Ziqa'ad 10, 1423

KARACHI, Jan 13: Online trading in Pakistan has one of the fastest inception rates in the world.

Online penetration has now reached 2pc of the market in the short period of 2 months, the Chairman SECP, Khalid Mirza was informed by Ali Ansari, CEO Akdtrade.com during a visit on Monday. The site has been in operation with over 50,000 transactions worth more than Rs3000 million having been conducted.

Khalid Mirza was visiting Akdtrade.com along with commissioner, Securities Markets, Shahid Ghaffar and his team to see how online trading was progressing in Pakistan.

The SECP team conducted a full review of operations and congratulated Akdtrade for having implemented international best practices processes. Akdtrade.com, Pakistan’s first online trading site is run by AKD Securities.—APP