Frequently Asked Questions

You can download our Account Opening Form from this link or you can directly collect it from our office. Fill the form and submit it.

Yes, Saima Qaiser Securities (Pvt) Limited reserves the right to refuse any account without assigning the reason.

The Minimum amount required to open an account is Rs.50,000.

The account opening process can takes almost more than 1 week. Depends on your deposit ways and conditions, it may take up to 2 weeks (working days).

You can send your cheque / Pay order/ DD to "Saima Qaiser Securities (Pvt) Limited" by courier or give it personally at office to our authorized officer in our Office.

First of all download or obtain our account opening form from our website or from our office. Once the relevant documentation is complete, then you can ask your existing broker to transfer your securities / shares to us.

You will need to write a letter to Saima Qaiser Securities (Pvt) Limited requesting for the closure of your account. But before it you have to clear your debit balance. You also need to provide Tax Clearance Certificate from Federal Board of Revenue (FBR). The Account Closing Request must have to be submitted at our office.

Capital Gains Tax (CGT) is imposed by the Government of Pakistan (GOP) on shareholder. CGT is a separate and independent tax, which has no connection with your other incomes like salary or business. It is calculated based on the profit (Capital gain) from dealing in shares. It is computed on the basis of FIFO (First in First Out) method. For intra-day trades, CGT will be computed on the basis day trade method.

Yes, Solodev CMS is built to handle the needs of any size company. With our Multi-Site Management, you will be able to easily manage all of your websites.

Dividends are returns on shareholding. The return is paid by the company out of its profits. This return may be in the form of cash or additional shares referred to as ‘bonus shares’. Dividends are announced by the company usually once or twice a year depending upon company policy.

A listed company is one whose securities are listed on an exchange. The share price of a listed company is quoted and traded on a stock exchange. Unlisted company is one whose securities are not listed on an exchange. Its shares are therefore not available for trading to the general public. Private limited companies are examples of unlisted companies.

A primary market is a market where securities that have never been issued before being offered to the public. This initial public offering (IPO), also called the primary issue and is therefore a transaction between the issuing company and the investor. A buyer of the initial issue may consider selling the security to another party. This transaction is done on the secondary market where the outstanding securities are traded amongst investors.

Right shares are new shares offered by a company to its existing shareholders in proportion to their current holdings, allowing them to purchase additional shares directly at a discounted price, typically to raise capital. This mechanism enables shareholders to maintain their proportional ownership percentage while allowing the company to avoid public debt.

Clients allowed by Saima Qaiser Securities (Pvt) Limited to trade in excess of their cash or portfolio balances are required to maintain a margin deposit in order to cover the level of trading exposure. The margin is the client's equity in the value of the portfolio or trading position. The client's trading limit is set at a multiple of the margin deposit. Margins can be in the form of cash and/or shares. However, margin shares must be on our list of marginable stocks.

Individual account, Joint account for two persons (must be opened in person at our offices).

Yes there is a restriction on two types of orders. Short Sell orders for regular market are not allowed to be placed and also Wash Trades (executing a day trade of a particular share where buying and selling is at the same rate) are prohibited.

Once you open an account and entitlement is obtained, orders may also be placed over the telephone with the equity trader assigned for your service.

Online Trading allows investors to place orders on their own through the internet without having to call up a broker and place an order through them. Online trading gives investors greater control over their decisions. They can view real time market activity from anywhere they wish. A single keystroke or click of a mouse executes a buy or sell order. Also, when the order has been completed you receive an instant confirmation of your trade via email.

An Internet trading account is a special type of account designed specifically for individual investors who prefer to use the Internet to place their orders themselves rather than through the broker by telephone.

Amount can be refunded to the client subject to availability of the funds in his/her account.