July 31, 2023 (MLN): Despite having potential, the active investor base in Pakistan is around 3-4x lower compared to similar-sized economies as the trading and simulation system is of old age, Syed Baqir Raza Jafri Founder and Chief Data Scientist of Investors Lounge said at the Trading Challenge event.
Shamshad Akhtar, Chairman of PSX, and Ashfaq Tola FCA, Minister of State, graced the event.
With a listed company, there is a problem in Pakistan that the investor base is very low around as around 3.5 billion people lack financial literacy resulting in poor money decisions.
Moreover, the trading and simulation system is of old age and no initiative has been taken at a national scale for development and promotion.
Around 20,000 trades were executed by ICAP members, some regulators, and director-level individuals as well, which resulted in around a total sum of 1.1 billion shares traded on the stimulator.
It is important to mention that ICAP has around 45000 students they are the potential investors as the market is yet to be tapped into.
Around 9 million crypto investors exist in Pakistan while investors in PSX are 300,000, 45,000 are pension investors, and 34,000 are forex and commodity investors, hence there is a huge gap that must be tapped, he added.
