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June 23, 2005 Thursday Jumadi-ul-Awwal 15, 1426


NBP’s margin financing


KARACHI, Jun 22: The National Bank on Wednesday announced the launching of margin financing facility exclusively for retail investors for investment in stock market. According to a senior executive of the bank, the product “NBP Investor Advantage” was the simplest and an innovative product in the market.

He said individual investor could avail this facility up to Rs10 million at the newly constructed and fully equipped business centre next to the NBP Main Branch at I.I. Chundrigar Road, Karachi.

He said individual customer could get one year running financing facility against 30pc margin requirement either in cash or approved securities.—APP



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