KARACHI, April 16: Jahangir Siddiqui Investment Bank Limited (JSIBL) told the stock exchange that it was offering a plan according to which the bank would “provide funds for investment in listed shares so that the small investors could invest first and save from their regular monthly income to repay subsequently.”

The bank stated that the new product had been designed to provide opportunities to small & medium investors to avail the opportunities presented by the positive surge in the stock market, which had seen the KSE-100 index rise from 1273 on October 31 last year, to 1868 at end-March, 2002.

The bank said it was also providing Portfolio Trading Services under which clients would open Portfolio Trading Account (PTA) with it.

The salient features of the offer were noted to be: The objective of PTA was to assist clients in purchase/sale of shares with timely access to stock broker & CDC through JSIBL; availability of professional analysis of securities; trading limits to be allocated by the Bank on the basis of placement of securities; financing facilities to be available against security of shares up to Rs5 million with 30 per cent margin and flexible repayment schedule to meet individual requirement.