Pakistan stock accounts reach 332,819 as of July

August 12, 2024 (MLN): The new unique registered investor base on the Pakistan Stock Exchange was recorded at a notable 8,776 in July 2024, bringing the total number of accounts to 332,819, according to data from the National Clearing Company of Pakistan (NCCPL).

However, that compares with India's 190 million accounts, according to NSE data. This amounts to about 13.7% of the country's total population compared to just 0.1% in Pakistan.

In order to maintain a traceable link for each trade and transaction, executed in the stock market, NCCPL provides a centralized mechanism for the registration of investors in NCSS by assigning Unique Identification Numbers (UINs).

Out of the 8,776 accounts opened, a significant portion—7,579—were created through the online process.

Last month, the total number of accounts opened stood at just 5,546. This translates to an increase of 58% MoM.

In India, investor registrations have seen an accelerating trend over the last few years.

The registered investor base hit the 10m mark 14 years after commencement of operations, the next 10m addition took about seven years, the subsequent 10m investors took about three-and-half years, and the next one a little over a year.

In other words, it took over 25 years for the registered investor base to hit the 40m mark in March 2021.

The subsequent 10m increments (from 40m to 100m) have come through at an accelerated pace, taking on an average of about 6-7 months, with the last 10m added in just over five months.

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