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ACCOUNT OPENNING
How can I open an account with Sakarwala Capital Securities (Pvt.) Ltd.?
There are two ways to open an account:
- 1. Online Account opening form, which is available at our web site https://www.aof.com.pk/?NDQ5MjkyNzIzODg4NjIxODM3MjQ2NDE0NDg3NzI0NTQ5MjE0MjgzNA==
- 2. Physical account opening form, available at our website ------------ or you can collect it from our office.
What are the Document Required for Account Opening?
- Main Applicant CNIC
- Nominee CNIC (Blood Relation or Spouse)
- Proof of IBAN (Cheque copy)
- Email address
- Mobile number (registered on main applicant name and not converted to other network)
- Specimen Signature
- Mother Name
- Marital Status
- Place of Birth
- Zakat Affidavit, if Non Payable.
- Source of Income. If any further document will be required, then our team will contact you.
How can I open my account online?
There are Five easy steps to open your account online
- 1. Go to the link online account opening and click at register now
- 2. Fill the basic information, and attach CNIC and click at create account.
- 3. You will receive user ID. At your Email address.
- 4. Within 48 hours you will receive OTP. To which you have to login and Verify OTP.
- 5. Fill additional Information and attach required documents in the form.
How long does it take to open an account?
Registration process usually takes: 4 – 6 working days after all documentation is completed and approved.
When can I start placing orders?
Once the account has been opened and the funds have been received, your account will be activated and you will be able to place an order yourself.
Can I open an account with shares/securities?
Yes! You can open your account with shares, both Physical or in CDC.
What is the minimum amount required for opening an account?
Account can be opened with a minimum of Rs. 5,000*
Can my account be refused to be opened?
Yes, Sakarwala Capital Securities (Pvt.) LTD. reserves the right to refuse any account without assigning any reason.
GENERAL INQUIRIES
What are your commission and fees for Sakarwala Trade Online?
Sakarwala Trade Online offers the most competitive rates in the industry; minimum 3 paisa per share, or 0.15% which ever is higher for basic Account (without Assistance). further details please Contact Us.
Is there a registration fee or annual fee for members?
No there is no such fee.
a:1:{s:7:"English";s:127:"Are there any charges for CDC Share Transfer from Sakarwala Capital Securities (Pvt) Ltd to and from another Investor’s A/C?";}
There are no charges.
How can I deposit amount in my account?
You may send your cheque / Pay order/DD in favor of †Sakarwala Capital Securities (Pvt.) LTD†by mail or drop it personally at offices of Sakarwala Capital Securities (Pvt.) LTD. address is as following; Sakarwala Capital Securities (Pvt.) LTD 114, 3rd Floor Karachi Stock Exchange Building Off I I Chundrigar Road Karachi, 74000 PAKISTAN
";}Can I deposit Cash in my Account?
No. Cash is NOT acceptable at Head Office/ Branches of Sakarwala Capital Securities (Pvt.) LTD.
Can I deposit third party Cheque?
No. Sakarwala Capital Securities (Pvt.) LTD do not accept third party cheque.
Can I withdraw amount from my account?
Yes. You can request for payment to your trader and at the time of request you must maintain balance of Rs. 5,000. Sakarwala Capital Securities (Pvt.) LTD. will only issue crossed cheque in Account Holder’s Name or make payment through IBFT in Client’s Bank Account provided.
Does Sakarwala Trade Online provide real time market data?
Yes! All of our trading platforms provide real time data.
Do I have different order-type capabilities?
Yes! Some of these are Market orders, Stop-Limit orders, Limit orders, Short Sell orders (for Future Contracts, as per SECP regulations).
Can I dial a direct number for trading?
Yes! You can directly call at trading desk (021) 32428302 - 32411998 - 32419732.
If I call in to place an order, does my regular commission apply?
Yes! We do not charge an extra fee to execute an order for you over the phone.
How the orders are accepted, processed, settled and cleared via the internet?
There are diverse way to place an order, you may use your Trading Terminal, Web-Based Terminal Or Mobile trading, Whenever you will place order through online trading system, the message board view window shows the time and details of the order placement, cancellation and execution. The Margin window also shows the status of order placement through pending order, updating of custody balance in case of execution and cash balance accordingly. You can also view the details of outstanding orders as well executed transaction through your terminal.
Is there any Alternate way order placement, in case of non-availability of systems?
In case of non-availability of internet connection or Terminals you can call our representative at (021) 32428302 - 32411998 - 32419732.
Is there a restriction to place any particular type of Order?
Yes there is a restriction on two types of orders. Short Sell orders for regular market are not allowed to be placed and also Wash Trades (executing a day trade of a particular share where buying and selling is at the same rate) are prohibited
MARKET TERMINOLOGIES
Market
The type of trade in which the Security falls
Symbol
Unique short name assigned to any particular script by KSE.
Change
Difference between the last traded and close of the previous day’s price
Buy Vol
No. of Securities investor intends to buy
Buy
The rate at which investor intends to execute his/her buy order
Sell Vol
No. of Securities investor intends to sell
Sell
The rate at which investor intends to execute his/her Sell order
Last Vol
No of Securities executed/traded in previous/last trade.
Last Price
The price at which last trade took place
Total Vol
Total No. of Securities traded during a particular time/day
Avg
Total value of Security traded, divided by No. of Securities traded
High
The highest rate at which the Security traded
Low
The lowest rate at which the Security traded
Prev. Close
Previous day’s closing price
Trade Time
The time at which the trade took place
Limit Order
A limit order is when the user enters the order into the system with a specific price
Market Order
A market order is when the user enters the order into the system without a specific price. The system will execute the order irrespective of price. The system will search for the quantity of order to be completed at any available price. In a rapidly moving market, a market order may be executed at a price higher or lower than the quote displayed on the website at the time of order entry.
Market Lot
Market Lot is the normal unit of trading for a security, which is 500 shares of stock having price less than Rs.50/- and 100 shares of stock having price above Rs.50/-.
Odd Lots
For stocks, any transaction less than the market lot is usually considered to be an odd lot. These odd lots cannot be traded on the regular market and hence the Karachi Stock Exchange has initiated a separate ODD Lots Market.
Margin Call
A margin call most often occurs when the amount of actual capital the investor has, drops below a set percent of the total investment. A margin call may also be triggered if the broker changes their minimum margin requirement which is the absolute minimum percentage of the total investment that one must have in direct equity.
Stop Loss Order
A stop-loss order is a request to sell a security once the market price reaches or falls below an investor -specified price. Once the target price has been reached or surpassed, the order becomes a “market” order. This is especially true in a fast-moving market where stock prices can change rapidly. A stop-loss order is typically used to sell a security, to lock in profits or limit losses if a security price falls. Setting a stop-loss order for 5% below the price at which you bought the stock will limit your loss to 5%. Stop-loss orders are only available when selling a security to close a position.
Short Sell
Short selling refers to the practice of selling securities the seller owns in the hope of repurchasing them later at a lower price. This is done in an attempt to profit from an expected decline in price of a security. Such as a stock or a bond, is contrast to the ordinary investment practice, where an investor “goes long,” purchasing a security in the hope the price will rise.
Future Market
Future market means where future contracts are traded on daily basis and settled on monthly basis. A Futures contract involves purchase and sale of securities at some future date (normally within one calendar month), at a price fixed today. These contracts are traded on an organized and regulated futures exchange enabling buyers and sellers to transact business. A futures contract gives the holder the obligation to buy or sell and both parties of a “futures contract” must fulfill the contract on the settlement date.
Dividend
Dividends are the returns corporation pays to its shareholders at the end of each financial year closer. Company earnings are distributed among shareholders in the form of dividend.
Bonus Shares?
A dividend payment made in the form of additional shares, rather than a cash payout.
Rights Shares?
A rights share is the issuance of new shares to existing shareholders. These are not free however they are usually below the current market price. Issuance of these new shares to existing shareholders is known as Right shares.
Capital Gain/Loss
Capital Gains / Loss are the appreciation/(depreciation) of Stock value from the amount you paid to acquire shares. Capital gains are made because you’re able at some time to sell your shares for more than you paid. Gains may reflect the fact that the company has grown or improved its performance or that the investment community sees that it has improved future prospects.
Initial Public Offer (IPO)
A company decides to go public to raise substantial amounts of capital by offering ownership interests in the company to the public at large. The first time going to public is called Initial Public Offering. Mostly securities offered in IPO include shares, bonds, Notes, limited partnership Units, and other types of investments in the company.
broker
An individual in the business of facilitating stock trades for a client at the stock Exchange. Brokers usually charge a fee or receive a commission for their services.
investor
A person whose principal concern in the purchase of a security is the minimizing of risk, compared to the speculator who is prepared to accept calculated risk in the hope of making better-than-average profits, or the “gambler” who is prepared to take even greater risks. More generally it refers to people who invest money in investment products.
ONLINE TRADING
What is an Internet trading account?
An Internet trading account is a special type of account designed specifically for individual investors who prefer to use the Internet to place their orders themselves rather than through a broker by telephone.
What are the minimum system requirements?
Pentium III 800MHz Windows 2000 Professional or Windows XP 40 GB Hard Drive 256 MB RAM 56 kbps Modem Any ISP can be used
Which operating system should I use?
Windows 2000 Professional or Windows XP. Please check Minimum Requirements in the help center.
Who can I contact with all my questions regarding online trading terminal?
If you require assistance, please call (+92 21) 32428301, 32428303
Which securities can I trade through my account?
All securities listed and tradable on the Pakistan Stock Exchange can be traded through your account
How long does it take to execute an order?
Under ‘normal conditions’ orders are placed and confirmed within two (02) seconds, but it is important to understand that the time to execute an order will vary depending upon market conditions, type of order being placed, order size, internet connection etc.
Can I cancel my outstanding (unexecuted) orders?
Yes, you may cancel your outstanding order through your All Trading channels (Software, Web-based and Mobile) or you can call us on 021-32428302 , 021-32411998 our representative will cancel order on your request after some formal verification.
Add installation process of kits on desktop and mobiles
Add kits user manual