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Lahore, June 05, 2013 (PPI-OT): Students of Hailey College of Banking and Finance from Punjab University visited the Lahore Stock Exchange as part of the Campus Outreach Program under Financial Literacy Initiative in collaboration with South Asian Federation of Exchange (SAFE). Here, they were given an insight about practical aspects of various financial institutions and investment avenues by industry professionals. Managing Director and Chief Executive Officer of the Lahore Stock Exchange Mr. Aftab Ahmed Chaudhry was the chief guest.
The panel of professionals included Mr. Ahmed Shakeel, Senior Investment Advisor from Al Meezan Investment Management Limited along with LSE officials. Mr. Ahmed addressed the students and informed them about local mutual funds industry and products being offered.
He informed the students that Islamic mutual funds could be an effective approach for people to start investments offering risk diversification and good returns through proficient fund management. While interacting with the students, Ms. Madiha Abrahim from Investor Relations Department-LSE briefed the students on the need for setting up CDC and various facilities being offered by CDC not only to add efficiency but also for increased transparency and investors confidence.
She explained as to how investors can use various CDC services for protecting their portfolios. Later, the students visited various banks and brokerage houses where they were given synopsis on the functioning of these institutions such as live market trading, banking products and services, lending and borrowing services, clearing and local as well as international remittances, etc.
The purpose of visit was to allow the students to interact with various financial industry practitioners in a stock exchange setting and get a chance to visit different financial institutions all at one location. The Program is part of the Financial Literacy Initiative for the promotion of youngsters’ understanding of financial products and concepts, their ability and confidence to appreciate financial risks and opportunities to make informed choices, to know where to go for help, and to prepare today’s youth for better understanding of the economic/financial affairs affecting them. Educational institutions are joining hands with LSE to participate in series of sessions on financial literacy.
As part of the Campus Outreach Program, Lahore Stock Exchange has already held two sessions at Hailey College of Banking and Finance. In the first two sessions students were apprised about the savings, investment and investment alternatives, foreign exchange, stock analysis and valuation techniques, financial markets and regulatory environment, market dynamics, market indices, market sensitivity, securities evaluation including fundamental as well as technical analysis, banking services, leasing, insurance and various corporate matters as applicable in Pakistan.
The “Campus Outreach Program” has received an overwhelming acclamation from various blocs of the societies. The Program is launched under the broader Financial Literacy Initiative by the LSE in collaboration with South Asian Federation of Exchange (SAFE). Campus Outreach Program – FLI is neither intended to promote or publicize any particular type of investment or product, nor is it aimed to endorse any specific kind of financial institution or market.
For more information, contact:
Lahore Stock Exchange (LSE)
19, Khayaban-e-Aiwan-e-Iqbal,
P.O. Box: 1315,
Lahore-54000, Pakistan
Tel: +9242 636 8000
FAX: +9242 636 484 -85
E-mail Address: info@LahoreStock.com
Web Site: http://www.lse.com.pk