The Capital Market of Pakistan has a triangular foundation comprising of the Pakistan Stock Exchange, Central Depository Company and National Clearing Company of Pakistan Limited, the goal of all being an economically stronger, more prosperous Pakistani Capital Market. Armed with this vision, Oriental Securities (Pvt.) Ltd. is playing a significant role as a middle man to ensure growth and prosperity of the Capital Market of Pakistan.
Oriental Securities (Pvt.) Limited
As your Stockbroker, we are your point of contact for anything related to stocks. You will be issued a unique Ledger No. which is equivalent to Account Number.
Your funds are kept in our designated bank accounts for clients, used only for the purposes of managing clients’ assets.
You will be able to buy and sell shares by giving us a call or using the trading platform known as KiTs (Karachi Internet Trading System) available on all devices.
Clients frequently get in touch with us for following reasons:
To get market updates
To enquire about their stock portfolio
To place orders on phone
To intimate deposit or withdrawal of funds
To change particulars of your their account
To request Annual CGT Certificate for tax purposes
National Clearing Company of Pakistan Limited (NCCPL)
National Clearing Company of Pakistan Limited provides a centralized platform for clearing, settlement and custodial services for your traded shares.
Transactions executed by you on PSX are then registered with NCCPL, a clearing and settlement company where the final execution of the trade takes place. In this way, it reduces the risk of one or more parties failing to meet the terms of the agreement. In Pakistan the National Clearing Company of Pakistan Limited (NCCPL) is responsible for the settlement of the entire trading executed between the brokers of PSX.
NCCPL issues you a Unique Identification Number (UIN) which in practice is your CNIC Number. You will need to know your UIN when dealing with them. NCCPL offers a web-based UIN Information System (UIS) to you to track your trading, settlement and related information. This system enables UIN Holders to view all their trading, settlement and relevant information with us in a smooth and efficient manner through dedicated User ID and Password.
Central Depository Company
A depository company is primarily responsible for operating and maintaining the depository system. The depository system handles the electronic (paperless) settlement of shares on the stock exchanges. Electronic book entry means that the securities or share certificates do not physically change hands and the transfer from one client account to another takes place electronically.
In Pakistan the depository company is called the Central Depository Company of Pakistan (CDC). As a client, you get your own Sub Account at CDC maintained by OSL on your behalf, therefore you cannot operate this account directly. However, information about securities lying in your sub account can be attained through us or directly from CDC. The securities in your sub account are your property.
You may also open another type of account at CDC called “Investor Account”. It allows you to directly open and maintain account with CDC for safe custody and settlement of your securities. You will be the only person who can withdraw securities from your CDC Investor Account implying security and safe custody of the assets held in the account equating it to maintaining a locker at your bank where the valuables will be your securities. Investor Account can be opened simply by submitting a duly filled and signed "Investor Account" Opening Form available at the CDC offices or from CDC website available as a downloadable form.
You will be able to keep track of your CDC Sub Account / Investor Account position by subscribing the Interactive Voice Response System with CDC Call Center Support through toll free number (0800-23275) or www.cdcaccess.com.pk. More information relating to operating of accounts at CDC and acquiring details, CDC office can be contacted at address and numbers mentioned at the end of the guide.
Pakistan Stock Exchange
Pakistan Stock Exchange was established on September 18, 1947 and was formally incorporated on March 10, 1949 under the name of ‘Karachi Stock Exchange’, as a Company limited by Guarantee. In October 1970, a second stock exchange was established in Lahore to meet the stock trading needs of the provincial metropolis. In October 1989, Islamabad Stock Exchange was established to cater to the investors of the northern parts of the country. Because the three exchanges had separate management, trading interfaces, indices, and had no mutualized structure, therefore the Stock Exchanges (Corporatization, Demutualization, and Integration) Act, 2012 was promulgated by the Government of Pakistan which ultimately resulted in the three exchanges integrating their operations effective January 11, 2016 under the new name ‘Pakistan Stock Exchange Limited’ (PSX).
It is at the forefront of Pakistan’s economy, being the only major institution helping capital formation in the country. Pakistan Stock Exchange has in place functional and operational capabilities at par with any global Stock Exchange with robust trading systems (e.g.: KATS-Karachi Automated Trading System, KITS-Internet based order routing system, BATS-Bonds Automated Trading System), IT security systems, and a progressive regulatory framework. PSX is responsible for front-line regulatory functions.
We are Trading Right Entitlement Certificate (TREC) Holder of the Pakistan Stock Exchange Limited (PSX) which.
Click here to see our upto date TREC Holder Status on PSX website.
Search TREC No.148 in the List of Brokerage Firms.
Securities & Exchange Commission of Pakistan (SECP)
The Securities and Exchange Commission of Pakistan (SECP) was set up in pursuance of the Securities and Exchange Commission of Pakistan Act, 1997 and became operational on January 1, 1999. It has investigative and enforcement powers. One of the mandates of the SECP is regulation of Corporate Sector and Capital Market. SECP is also responsible for oversight of various external service providers to the corporate and financial sectors, including chartered accountants, credit rating agencies, corporate secretaries, stockbrokers, surveyors etc.
OSL as a Securities (stock) broker is licensed with the SECP for offering stock brokerage services to its clients. SECP administer and regulate the eligibility conditions, licensing procedure, effect for refusal of licence, renewal, general obligations and responsibilities of securities brokers.
Click here to see our upto date License Status on SECP website.
Search BRK-94 OR BRP-051 in the List of Securities Broker.
Federal Board of Revenue
|IMPACT OF TAX ON YOUR STOCK INVESTMENTS|
(Income Tax Ordinance 2001)
(Appearing in Active Tax Payers List (ATL)
(Not appearing in Active Tax Payers List (ATL)
CAPITAL GAIN TAX - CGT
BROKERAGE & COMMISSION INCOME
By investing in shares, you can expect to be taxed in the above mentioned ways.
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