Lahore: Students of National Grammar School 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 of this session.
Ms. Hifsa Siddiqi from Investor Relation 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 & investors confidence. She explained as to how investors can use various CDC services for protecting their portfolios. She also informed the students about local mutual funds industry and products being offered.
She informed the students that mutual funds could be an effective approach for people to start investments offering risk diversification and good returns through proficient fund management. 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 & services, lending & 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 National Grammar School. 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.