Islamabad (Commerce Desk): The Securities and Exchange Commission of Pakistan (SECP) has increased the investment limit through the Sahulat Account in the stock market from Rs 1 million to Rs 3 million.
According to SECP, the Sahulat Account provides a simple and secure way for first-time investors to enter the stock market. Investors can now open Sahulat Accounts with more than one broker, although each investor is allowed only one Sahulat Account per broker.
It was further noted that the Sahulat Account can only be opened using a National Identity Card and is also available online, offering additional convenience for investors.
SECP reported that individual investors currently hold a total of 542,000 accounts in the stock market, while investor accounts and Roshan Digital Accounts total 144,000. The commission has advised investors to invest through the Pakistan Stock Exchange rather than unauthorized foreign platforms, encouraging youth to participate in the capital market through this facility.
