Minimum amount of rupees by which I trade in PSX
8/29/2024 06:28am
The minimum amount of rupees required to trade in the Pakistan Stock Exchange (PSX) varies depending on the brokerage firm and the type of account you open. Generally, there is no fixed minimum requirement for opening an account, but you may need to maintain a minimum cash balance in your account with the brokerage firm.
1. **Account Opening**: There is no minimum requirement for investment when opening an account on the PSX. However, a minimum cash balance of Rs. 20,000 is typically required to be maintained in your account with the brokerage firm..
2. **Trading Minimums**: The minimum number of shares that can be traded is 1, and the minimum lot for trading in some securities, like Deliverable Forward Contracts (DFC), is also 1 contract, which consists of 500 shares of the underlying security..
It's important to note that these requirements may change, so it's advisable to consult with a brokerage firm or financial advisor for the most up-to-date information on trading requirements in the PSX.