To buy shares listed on the Pakistan Stock Exchange (PSX), open an account with a PSX-recognized securities broker licensed by the Securities and Exchange Commission of Pakistan (SECP). Complete the broker’s identity checks, confirm your Unique Identity Number (UIN) and custody arrangements, fund the account using an accepted method, then place an order through the broker and keep its trade confirmation. The steps below explain how to choose an account route and check that a purchase has been processed.
1. Choose and verify a PSX broker
PSX advises investors to trade through an active TREC holder or recognized brokerage firm licensed by SECP. Use the current PSX broker information to check the firm and its registered branch details before opening an account or sending money. Use official contact channels; do not rely on an unsolicited agent or an unverified social-media account.
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Compare brokers on service rather than choosing on advertising alone. Ask whether online trading is available, how you will receive order and trade confirmations, what research or customer support is offered, and which branches or service options are practical for you. Request the complete current schedule of commission and other charges before signing. Commission varies, and applicable charges may include CDC, exchange, clearing, tax and regulatory amounts; the total depends on the broker and your circumstances.
2. Pick the account-opening route that fits
| Route | Who it may suit | What to check |
|---|---|---|
| Standard broker account | Investors who need the broker’s regular account terms, or whose investor type does not fit a simplified route. | Use the broker’s applicable Customer Relationship Form and KYC process. PSX provides forms for conventional, online-only or trading-only, and Shariah-compliant broker arrangements. Confirm the precise documents with the broker. |
| Sahulat Account | Local individual investors seeking simplified onboarding for Ready Market trading. | It is single-holder and excludes leveraged products such as margin trading or financing and stock lending or borrowing. Online access depends on the broker; PSX says it can be converted to a normal account. The effective purchase-position limit is unclear across PSX materials, so verify it before trading. |
| Broker online onboarding | Applicants whose chosen broker offers an online account-opening process. | Check the broker’s current eligibility, identity verification steps and required documents. Online onboarding availability is broker-specific. |
| Shared KYC | Eligible resident individual Pakistanis with current bank records and an active account at a participating bank. | Start through the bank portal, select a participating broker and consent to data sharing. CDC routes information onward; NCCPL issues a UKN; the broker conducts its checks and confirms account opening and UIN tagging. Eligible banks and brokers can change. |
| Roshan Digital Account route | Non-resident Pakistanis investing through a designated bank. | The PSX Investor Awareness Guide describes selecting Roshan Equity Investment in the bank portal, choosing a designated broker and completing the broker’s own KYC/CDD. Confirm current bank and broker participation through official portals; do not assume the local-investor Sahulat route applies. |
PSX’s current Sahulat Account page states a PKR 3,000,000 per-account purchase-position limit. Its Investor Awareness Guide instead describes PKR 1,000,000 maximum-position and net-trade limits and mentions biometric IBAN and mobile verification. Because these official materials conflict, confirm the effective limit and verification requirements with PSX and your chosen broker before placing an order.
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For route details, consult PSX’s pages on online account opening and Shared KYC. Participating institutions, eligibility and live procedures may change, so verify them directly rather than treating a route description as guaranteed availability.
3. Complete onboarding and keep your records
Follow the selected broker’s current account-opening and KYC/CDD process. Requirements vary by investor type and route. PSX’s account-opening guidance includes identity documents and, where relevant, joint-holder, nominee or authorization documents. Ask the broker for its exact checklist.
- Open the account in your own name. If another person is to operate it, written authority is required; granting authority also creates a risk of misuse.
- Read the account form and terms before signing. Compare the broker’s form with the applicable PSX standard form, and ask about any clause or charge you do not understand.
- Request the complete current fee and charge schedule. Do not assume a quoted commission is the full cost of a transaction.
- Keep a signed copy of the completed account documents and use the broker’s official contact details for follow-up.
4. Confirm your UIN and share-custody arrangements
Ask the broker to confirm that your UIN has been assigned and registered as part of the onboarding process. Also ask where your shares will be held and how you can monitor the account. PSX describes the CDC sub-account as the place purchased shares are held and encourages individual investors to open a CDC Investor Account for individual custody. Confirm the arrangement that applies to your account with the broker and CDC rather than assuming all investors use an identical setup.
The post-trade roles are distinct: NCCPL handles settlement, while CDC handles share delivery and custody. PSX’s investor journey explains these functions. Keep track of the alerts and statements available from your broker, NCCPL and CDC.
5. Fund the account and place a first order
Once the broker confirms that the account is active, deposit the initial funds using a method the broker accepts. PSX cautions investors against cash deposits; confirm the correct account and payment instructions through the broker’s official channel before transferring money.
- Sign in to the broker’s online application or contact its dealing desk.
- Choose the listed company and enter the order details required by the broker, including the number of shares and the order type or price instructions offered.
- Review the order before submitting it. A submitted order is not necessarily an executed trade; check its status with the broker.
- After execution, request or save the trade confirmation. Retain it with your account documents and payment record.
This is a process guide, not a recommendation to buy any particular share. Understand the risks of investing in shares and consider appropriate professional advice for your circumstances.
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6. Check settlement and share credit
After an executed purchase, review the trade confirmation and subsequent communications from the broker, NCCPL and CDC. Check that the shares are credited to the relevant CDC account or custody arrangement. If a confirmation or expected credit is missing, contact the broker using its verified support channel and retain the details of your order and communication.
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Do not assume a settlement timetable from older process material is still current. Confirm the applicable cycle with the broker or current official PSX, NCCPL or CDC information.
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