ISLAMABAD, Sept 2: The chairman of Islamabad Stock Exchange Chaudhry Sharif said ISE would launch internet trading by year-end.

Talking to APP he said the ISE had improved its position as public interest was increasing day by day and the number of brokers had risen to 105 of which 41 were fully active.

The ISE would soon become a big stock market and play an important role in the economic activities of the country, he added.

The internet trading facility would enhance trading activities in the federal capital, he added.

He said the ISE would be expanding its net-working to facilitate buyers, encouraging them to enhance their activities.

The ISE had already initiated “Ultra Trading System” (UTS) to facilitate the clients and expand trading activities in March, he said.

The chairman ISE said that Islamabad Stock Exchange has set up an information centre for the first time in the country for the guidance of its clients providing them necessary information for carrying out trading business.

He said: “We are also trying to establish a liaison between the investors and the businessmen.”

Ch. Sharif said the ISE had necessary infrastructure and facilities for its clients and its service are at par with the Stock Exchanges at Karachi and Lahore.

He said: “We are moving towards integration and establishing one National Stock Exchange to integrate all the trading activities in the country.”

Replying to a question, he said, volume at ISE was increasing gradually with the improvement of economic conditions and owing to commendable policies of the present government.

With regard to the Karachi stock market, he said the index would soon achieve the ambitious target of 5000 point provided no untoward incident takes place.

“With 4,570 mark on Tuesday, the market is progressing well and recording positive note every day,” he said.

He said: “the target of 5000 mark will be achieved very soon if the political as well as law and order situation remains the same”.

All the economic indicators are showing upward trend, exhibiting stability in the national economy, he added.—APP