16 July 2018
Register today

Lahore Stock Exchange launches online trading game

05 February 2014  |  1203 views  |  0 Source: Lahore Stock Exchange

The Lahore Stock Exchange (LSE) has launched the LSE Virtual Investment Competition - an online trading competition which simulates a real trading environment and allows participants to trade by using virtual amount of money.

The virtual Investment Competition is open to the registered students only. This competition will be for thirty (30) days starting from February 1, 2014 till March 2, 2014.

The Lahore Stock Exchange is the only Exchange in Pakistan which has a regular Financial Literacy Program. Under the initiative, LSE has joined hands with the South Asian Federation of Exchanges (SAFE) to provide basic financial knowledge to the students of all ages across the nation. In sequel to the FLI program, LSE has successfully introduced "Virtual Investment Competition" to lead the program to an advance level.

Speaking at the launch of Virtual Investment Competition, Mr. Aftab Ahmed Ch. stated that each participant of the competition will be allotted a virtual amount of Rs. 1 million to build an investment portfolio by investing the amount to buy and sell in different scrips during the period of 30-days. After due analysis and comparison of Portfolios of each participant, the Exchange shall award cash prizes of Rs.50,000, Rs. 25,000,Rs. 12,000,Rs.8,000 and Rs.5,000 to top five winners respectively upon building the valuable portfolio.

MD, LSE further stated that "We believe that the LSE Virtual Investment Competition is a highly practical way to introduce a culture of saving and investment among the youth of Pakistan and help the students to understand how the trading in a real world takes place before they practically jump into the real world. Also, through this investment competition game, the students will establish a real sense of understanding on the capital to invest in the investment products available at stock exchanges. This competition will assist the students to formulate best investment strategy and create a strong decision making power to enter and exit from the market that plays a key role in order to produce maximum investment return from the capital invested in stock market. It is worth to mention that LSE has already introduced Investor Awareness Program-IAP as a regular program that aims to target the existing and the new investors to learn about the fresh perspectives on the market investments, latest market trends as well as new information about the upgraded investors protection arrangements put in place in the local capital market.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit https://secure.vasco.comVisit info.nice.comVisit www.aciworldwide.com

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
9855 views comments | 18 tweets | 30 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8367 views comments | 3 tweets | 1 linkedin
PayPal ready to spend $3bn a year on acquisitionsPayPal ready to spend $3bn a year on acqui...
8255 views comments | 13 tweets | 17 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
7833 views comments | 6 tweets | 14 linkedin
Faster Payments outage delays thousands of transactionsFaster Payments outage delays thousands of...
7166 views comments | 8 tweets | 19 linkedin

Featured job

Find your next job