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Trading Related FAQs

How can I buy/sell shares from my equity brokerage account?

You can either call us at 111-555-275 to place your order to any of the members of our equity trading team or use our online trading portal / mobile application to place your orders.

How will I be notified of order execution?

Executed order confirmations are sent by SMS. Investors also receive an email at day end with Daily Client Confirmation Report with the details of order executed and charges applied. Please note that you have one day to contest any information available in the client confirmation report.

Can I trade immediately after depositing a cheque in my brokerage account?

Please note that it takes additional business days for the cheque to clear and amount to be allocated to your trading account. You can in the mean time place an order through phone by calling us at 111-555-275.

How can I open an online trading account?

You can open an online trading account by filling out the account opening form and accepting all terms and conditions therein. Once account is activated an ID and Password is issued on your registered email ID along with a link to download the trading application. You can use the information to login to our online trading terminal TradeCast or download our Mobile trading application and login.

How do you ensure safety of my online trading account?

TradeCast – the online trading terminal is developed and maintained by a reliable third party vendor i.e. Catalyst IT solutions. Upon account opening the password generated is sent automatically on your registered email ID with no duplication at our end. After your first login the system will require you to change password for future use. At no point in time does Abbasi Securities have any record of your password. Moreover, to ensure safety of our Internet Based Trading System as per PSX IBTS regulations, clause 9.12.1, our controls and procedures are audited and penetration tested independently periodically by an audit firm approved by the Exchange.

What types of trade orders can I place through my account?

You can place different types of orders i.e. Market Order, Limit Order , Short Sell Order (Only in Futures Market as per SECP regulations)

How are the orders accepted, processed, settled and cleared via the internet?

You can place your order either through Online Trading System TradeCast or through calling us at 111-555-275. The details of the order i.e. time and other information of the order placement, cancellation and execution is displayed in the message board view window in the online trading terminal. Details of outstanding orders can also be viewed separately through outstanding orders option in the online trading terminal. All trades whether placed through online trading terminal or through the phone are cleared and settled through National Clearing Company of Pakistan Limited (NCCPL) as per settlement cycle i.e. T+2, T+1.

Does Abbasi Securities provide real time market data?

Yes. All our trading platforms provide real time data.

What are the timings of the market?
Mondy to Thursday Friday FIRST SESSION SECOND SESSION
Regular (Pre-Open) 9:15 AM – 9:30 AM 9:00 AM - 9:15 AM 2:15 PM - 2:30 PM
Regular Order Matching & Confirmation Period * 9:30 AM - 9:32 AM 9:15 AM- 9:17 AM 2:30 PM- 2:32 PM
Regular (Open) 9:32 AM - 3:30 PM 9:17 AM - 12:00 noon 2:32 PM- 4:30 PM
Restrictive Period ** 9:32 AM - 9:33 AM 9:17 AM- 9:18 AM 2:32 PM- 2:33 PM
Regular (Suspend) 3:30 PM 12:00 noon 4:30 PM
Square-up (Pre-Open) 01:00 PM - 01:30 PM 03:30 PM- 04:00 PM
PSquare-up (Open - Close) 01:30 PM 04:00 PM

* During Regular Order Matching & Confirmation Period, the System shall be static for minimum 2 minutes and maximum for about 10 minutes and no Order shall be input into the System, amended or cancelled.
** In Restrictive Period, Order entered during pre-open session cannot be cancelled, modified or suspended.

Is there any alternate way for order placement, in case of unavailability of online systems?

Yes. In case of any downtime of the online trading terminal you may call us at 111-555-275 and place your orders.

Is there any alternate way to cancel any pending order, in case of unavailability of online systems?

Yes. In case of any downtime of the online trading terminal you may call us at 111-555-275 and cancel/amend any pending order.

What is a margin deposit?

Account holders are required to maintain 25% cash margin for MTS and futures contracts against their outstanding trades, as stipulated in the Account Opening Form. This margin requirement is dependent on market volatility and shall be increased in case of volatility in the market. Further, as per the requirement of regulators, only cash margin shall be considered against open positions in futures.

What is a margin call alert?

Margin call alerts can be simply explained as a demand by a broker that an investor deposits further cash or securities to cover possible losses. This generally happens when a client has an open position, and the value of the scrips held are declining in price per share. As the price declines, it reflects negatively on the actual cash holding (Not Trading Limit). When the price of a share falls, the cash margin is adjusted against it on a daily basis. When the actual cash is reduced by 25%, margin call alerts are sent to clients to either sell off their exposure or a portion of the exposure in order to square off their position.

Where do I find the relevant rules and regulations governing securities trading, information regarding rights and obligations of the Investors, relevant legal provisions for Investor Protection, complaint handling and arbitration procedures, etc?

We have the PSX Rule Book in the Download Section of our website, which contains all the relevant information. However, if you require any specific details, you may call us at our Call Centre 021-35845766 or email us at info@abbasisecurities.com for further assistance.

Risks of online trading & its Mitigation:

Risks of Online Trading:

We would like to inform you of the potential and inherent risks of trading online such as;

  • The misuse of the Account Holder(s)’ Password/PIN,
  • Hacking of trading account,
  • Outages and slowdowns in the internet connection,
  • Breakdown of broker system and/or other third-party service breakdown and system errors,
  • Piracy of the Account Holder(s)’ information and affairs by unscrupulous persons, etc.
Mitigation of Risks Associated with Online Trading:
In order to be able to mitigate the risks associated with Online Trading, you are encouraged to contact our IT department for guidance.
Support Online Department at:
Mr. Waqar Ahmed
Customer Support Online
(021) 111 – Abbasi Securities (111 -555 -275)
(021) 32462578, 32462581, 32462582

Email: info@abbasisecurities.com
Alternative Means To Place/Cancel Pending Orders During a system failure:
In order to place orders and/or to cancel pending orders during a system failure, you are requested to please contact our Customer Support Online Department at:
Mr. Mohsen Siddiqui
Mr. Samar Ali Shah
Mr. Muhammad Yaseen
Customer Support Online
(021) 111 – Abbasi Securities (111 -555 -275)
(021) 32462581,35845766, 35845777,35845778

Email: info@abbasisecurities.com
How to know the definations common terms
COMMON TERMS USED AT ASL TRADECAST SCREEN:
Common Terms Description
Market The type of trade in which the Security falls
Symbol Unique short name assigned to any particular script by PSX
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 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 systemwith a specific price
Buy The rate at which investor intends to execute his/her buy order
Market Order A market order is when the user enters the order into the systemwithout a specific price. The order is executed according to thevolumes available at available price.
Market Lot Market Lot is the normal unit of trading for a security, which isusually 500 shares of stock having price less than Rs.100/- and100shares of stock having price above Rs.100/-.
Odd Lots For stocks, any transaction less than the market lot is usuallyconsidered to be an odd lot and therefore the transaction iscarried out in ODD Lot market rather than Regular/Ready market.
Margin Call A margin call most often occurs when the amount of actualcapital the investor has, drops below a set percent of the total investment. A margin call mayalso be triggered if the brokerchanges their minimum margin requirement.
Stop Loss Order A stop-loss order is a request to sell a security once the marketprice reaches or falls below an investor-specified price. Once thetarget price has been reached or surpassed, the order becomes a"market" order. A stop-loss order is typically used to sell a security,to lock in profits or limit losses if a security price falls.
Short Sell Short selling refers to the practice of selling securities in thehope of repurchasing them later at a lower price. This is done inan attempt to profit from an expected decline in price of asecurity.
Trade Process:
TRADING (T+0) Order is placed by the client through trading software or by the broker through his system afterconfirmation from client.
CONFIRMATION Daily Client Confirmation Report is sent to the client through email, confirming the details ofthe transactions along with commission and taxes charged.
ORAL CONFIRMATION Broker informs the clientonce the order(s) aresuccessfully executed.
T+2 Shares are transferred to client’s CDC Sub-Account. The client has to make sure thatoutstanding amount (if any) is paid against the trade executed on T+0
ReadyMarket Related Information
TRADING (T+0)
Ready Market All regular market transactionsfollow the T+2 settlement system
Future Market The client’s open position will be mark to market (MTM) on daily basis,whereby MTM losseshave to be paid by the client on daily basis (if cash margin falls short of 25%) until expiry of thecontract or until open positions are squared out.
MTS Market Other than depositing FPR (finance participation ratio) of 15%, the client’s open position willbemark to market (MTM) on daily basis, whereby MTM losses haveto be paid by the client ondailybasis. MTS transactions extend to 60 days.
RISK OF SECURITIES TRADING:
Market / Economy Risk: Market risk is the possibility for an investor to experience losses due to factors that affect the overallperformance of the financial markets in which he is involved. Market risk, also called "systematic risk,"cannot be eliminated through diversification, though it can be hedged against.
Industry Risk: Industry Risk refers to the impact that the state's industrial policy can have on the performanceof a specific industry.
Management Risk: The management is the face of an enterprise. It is the team which gives direction to the futurecourse of action that a company will take. Quality of management is hence paramount.Management changes often have a serious impact on policy matters of companies, therebyimpacting the share price. A management which is unable to meet the challenges posed bycompetition is likely to suffer in performance.
Business Risk: Business risk is the possibility a company will have lower than anticipated profits or experience aloss rather than taking a profit. Business risk is influenced by numerous factors, including salesvolume, per-unit price, input costs, competition, the overall economic climate and government regulations.
Financial Risk: Financial risk is any of various types of risk associated with financing, including financialtransactions that include company loans in risk of default. Often it is understood to include onlydownside risk, meaning the potential for financial loss and uncertainty about its extent.
Exchange Rate Risk: Exchange-rate risk, also called currency risk, is the risk that changes in the relative value of certaincurrencies will reduce the value of investments denominated in a foreign currency.
Interest Rate Risk: Interest rate risk is the risk that arises for bond owners from fluctuating interest rates. How muchinterest rate risk a bond has depends on how sensitive its price is to interest rate changes in themarket. The sensitivity depends on two things, the bond's time to maturity, and the coupon rateof the bond.
How to overcome risk: Most risks associated with investments in shares can be reduced by using the tool ofdiversification. Purchasing shares of different companies and creating a diversified portfolio hasproven to be one of the most reliable tools of risk reduction.
The process of diversification: When you hold shares in a single company, you run the risk of a large magnitude. As yourportfolio expands to shares of more companies, the company specific risk reduces. The benefitsof creating a well diversified portfolio can be gauged from the fact that as you increase thenumber of scrips in portfolio, the concentration dilutes. Hence any adverse event related to anyone company would not expose you to immense risk. The same logic can be extended to a sectoror an industry.
However all risks cannot be reduced: Though it is possible to reduce risk, the process of equity investing itself comes with certain inherent risks, which cannot be reduced by strategies such as diversification. These risks are called systematic risk as they arise from the system, such as interest rate risk and inflation risk. As these risks cannot be diversified, theoretically, investors are rewarded for taking systematic risks for equity investment

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