NCCPL discloses number of stock market investors — 252,322

Published May 6, 2021
The National Clearing Company of Pakistan (NCCPL) has set the long-held speculation on the number of investors who trade at the Pakistan Stock Exchange at rest. — AFP/File
The National Clearing Company of Pakistan (NCCPL) has set the long-held speculation on the number of investors who trade at the Pakistan Stock Exchange at rest. — AFP/File

KARACHI: The National Clearing Company of Pakistan (NCCPL) has set the long-held speculation on the number of investors who trade at the Pakistan Stock Exchange at rest.

The clearing company disclosed on its website that the active Unique Identification Numbers (UINs) — allotted to each investor — as of April 30, 2021 stood at 252,322.

These include individual accounts at 232,799; corporate company accounts 1,722; fund/others 1,436; foreign individuals 12,356 and accounts opened through the Roshan Digital Account (RDA) 3,778.

The significant number is the corporate/individual brokers who have 231 accounts at their command. In April 3,093 individual UINs were opened while 1,113 were closed. Figures for corporate company were 22 and 24; brokers 5 and 1; funds 18 and 31; foreign individuals 271 and 106 and account opened through RDA were 531 and 14.

PSX has only 12,356 foreign players; 3,778 accounts opened through RDA

Total UINs registered during January were 2,828, February 5,467; March 5,606, 3,783. On average, new accounts opened per month comes to 4,421.

Mohammad Sohail, CEO of Top­line Securities, tweeted: “Finally market participants now know how many broker accounts are opened on regular basis”.

He stated that (roughly) 4,000 new accounts a month (opened by investors) is lower than potential while (roughly) 253,000 stock investors at PSX in spite of post Covid-19 recovery was much too small and new investors were required to be attracted to the market.

A major participant said that the only encouraging number was the new foreign investors who have started opening accounts and trade at the market under the RDA.

Incidentally, much of the foreign buying in the recent months was made by the foreign Pakistani investors who compensated for the outflow of investment by foreign funds.

Published in Dawn, May 6th, 2021

Opinion

Reservations about SNC
Updated 21 Jun 2021

Reservations about SNC

The volume of the subject matter to be covered in an academic year which is usually seven and a half months long is frightening.

Editorial

Poll consensus
Updated 21 Jun 2021

Poll consensus

If the govt is reluctant to take part in an APC on poll reforms, then it must ensure that parliament can be used for this purpose.
21 Jun 2021

Global displacement

THE number of globally displaced persons shared by the UN’s refugee agency in a report released on Friday is...
21 Jun 2021

KP budget

THE KP budget 2021-22 is a sort of please-all document that hands out something to almost everyone in the hope of...
20 Jun 2021

More vaccines needed

THE vaccination rate in the country has slowed in recent days and could result in a crisis if not addressed...
20 Jun 2021

Balochistan protest

THE clashes outside the Balochistan Assembly on budget day were unfortunate. But they had been waiting to happen. ...
Silent victims
Updated 20 Jun 2021

Silent victims

THE deafening silence of political authorities, including leaders from the religious right, on the Mufti Azizur...