PSX Introduces the Sahulat Account for retail investors who want to invest in stock market with utmost convenience & simplicity.
- No hassle of complicated documentation. Just provide your CNIC Pic, IBAN evidence (Cheque Copy), and Registered Mobile Number.
- Ideal for Housewives, Students, Senior Citizens, and Small Scale Business Persons.
- Invest up to Rs. 800,000.
- Call center support for executions
- Access to robust Desktop and Mobile trade platforms
- Convertible to Normal Account. Subject to fulfilling of required criteria.
- Joint account option not available in case of Sahulat.
- No prior UIN history should be present.
- Leverage trading not allowed.
All resident Pakistani individual customers can open a Sahulat Account in a single capacity.
The maximum investment amount that can be maintained in a Sahulat Account is PKR 800,000.
Sahulat Account holder can only trade in Regular market. Trading in leverage and futures markets is not permitted for a Sahulat Account holder.
Computerized/Smart National Identity Card (CNIC/SNIC may be used as a proof of identity for opening of Sahulat Account).
No additional document is required from customer for establishing his /her source of income where customer is identified as a low-risk customer.
In case of minor accounts, the security broker shall obtain photocopy of Form-B, Birth Certificate or Student ID card (as appropriate) from the minor. In addition, photocopy of identity document of the guardian shall be obtained.
No, Joint accounts are not allowed for Sahulat Account.
No, it cannot be done. Neither with the same broker nor with another.
Any person that already has a normal trading account with a Securities Broker cannot open a Sahulat Account with any Securities Broker. Further, an existing normal trading account cannot be converted into a Sahulat Account. The existing system has checks in place to restrict any securities broker from opening Sahulat Account of a customer who already has a normal trading account.
No, it is not permissible to purchase securities beyond the prescribed limit, however, the client may sell securities, if the portfolio value increases over time.