News Desk |
Over the last three months of 2018, the Higher Education Commission (HEC) in collaboration with Securities and Exchange Commission of Pakistan (SECP) held the fourth inter-university stock trading competition. The purpose of the competition was to enable the students to understand the basic workings of the stock market and receive exposure to hands-on trading in a simulated environment.
Forty-one universities registered for the competition, where students entered through specified links provided in advance on the JamaPunji portal. The nominations were decided on a provisional basis from all over Pakistan. At the end of the competition, the winners were evaluated on the basis of their final account balance/portfolios.
This electronic trading competition was an attempt to provide student hands-on experience consistent with that of professional trading of the Pakistan Stock Exchange!
On February 27th of this year, SECP hosted the competition’s prize distribution ceremony at its head office, where, Farrukh Sabzwari, the SECP chairman, chaired the ceremony. The winning universities were, Quaid-e-Azam University, Virtual University Islamabad and National University of Modern Languages, from the Islamabad capital territory; The University of Lahore, LUMS and UVAS Business School, from the Punjab region; KASBIT, University of Karachi and Karachi School for Business and Leadership, from the Sindh region; and COMSATS and GIK from Khyber Pakhtunkhwa.
According to the participants, the inter-varsity competition was a test of finding quality trading opportunities, applying sophisticated money management and taking calculated risks. Mr. Farrukh Sabzwari, Commissioner Mr. Tahir Mahmood and Commissioner Shauzab Ali also expressed their delight over the enthusiastic participation of the students. The SECP is a welcoming institution for students, and that its doors are always open for educational visits and sessions, he said.
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The SECP’s Investor Education Department conducts these competitions to provide students with the opportunity to understand the basic working of the stock market and to offer them exposure of trading in the simulated market with real-time feed. This electronic trading competition was an attempt to provide student hands-on experience consistent with that of professional trading of the Pakistan Stock Exchange!