HBL and AKD Launch Real-Time PSX Trading on Mobile

HBL and AKD Launch Real-Time PSX Trading on Mobile

ByAftab Ahmed

HBL has teamed up with AKD Securities to introduce real-time trading on the Pakistan Stock Exchange (PSX) through mobile devices, marking a significant advancement in Pakistan’s capital market accessibility. For the first time, HBL customers can open a brokerage account directly within the HBL Mobile App, streamlining the investment process without the need for physical documentation or branch visits.

Seamless Account Opening and Fund Transfers

Previously, setting up a brokerage account involved extensive paperwork and branch visits. Now, HBL users can complete the entire process digitally within minutes, boosting convenience for investors. Once registered, customers can transfer funds instantly to their AKD Securities trading accounts via the integrated HBL Mobile or Web platforms. This integration not only facilitates smooth fund transfers but also grants direct access to trading services, equity brokerage, and market insights.

To fund a trading account, users simply:

  • Log in to HBL Mobile App or HBL Web.
  • Go to the Corporate Payments section.
  • Select AKD Securities from the options.
  • Input their Customer ID and desired transfer amount.
  • Authenticate the transaction with an OTP.

Industry Support and Significance

The partnership has received endorsement from key regulatory bodies, including the Securities and Exchange Commission of Pakistan (SECP) and the National Clearing Company of Pakistan Limited (NCCPL). Senior executives from HBL, AKD Securities, and NCCPL marked the launch ceremony, highlighting the collaboration’s role in digitizing and expanding capital market participation.

This development holds particular importance for Pakistani investors by bridging traditional banking with equity trading platforms, potentially increasing market participation by offering a user-friendly and digital-first approach. The initiative aligns with broader goals to modernize financial services in Pakistan and could create a more inclusive investment environment, fostering economic growth through enhanced access to PSX trading capabilities.

As Muhammad Nassir Salim, President and CEO of HBL, noted at the event, the collaboration represents a major leap for integrating banking and capital markets via digital channels.

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