ISLAMABAD, June 21: Islamabad Stock Exchange ushered in internet-based remote trading in stocks in Pakistan by providing the first such connection to Excel Securities (Pvt) Limited, a corporate member of ISE at its Faisalabad branch Saturday.

While inaugurating the service, the Managing Director of the ISE, Mr Aftab Ahmed Chaudhry said remote trading was part of the Islamabad bourse’s efforts to obtain technological edge over other bourses. At the same time, all efforts of the exchange were focused on bringing increased efficiency and transparency in trade with a view to boosting the confidence of the investors.

The inaugural ceremony was marked by a sizable gathering of investors.

This system might thus lead to phenomenal increase in trade volumes and change the outdated culture of the stock markets, the ISE chief said.