BAHAWALPUR - Islamia University of Bahawalpur students secured 3rd position all over the country in stock trading competition of Securities and Exchange Commission of Pakistan.

Prof Dr Qaiser Mushtaq Vice Chancellor felicitated the faculty members and students for participating and winning the position in the competition. The Investor Education Department, under the auspices of the Securities and Exchange Commission of Pakistan (SECP), organised the stock trading competition for university students at national level.

The purpose of the competition was to enable the students to comprehend the working of the stock market and take advantage of quality trading opportunities in the capital market. A total of 32 public and private universities were registered for the competition. The Department of Management Sciences (DMS), the Islamia University of Bahawalpur was also contacted by SECP for the same. Capitalising on the opportunity, DMS nominated a three member team that was comprised of Saleh Nawaz Khan, Habib Ahmed and Usama Chishti.

The two-month electronic trading competition was designed to provide students with experience of stock trading where students traded using live rates fetched from Pakistan Stock Exchange Ltd. (PSX) in a simulated environment.

The IUB team proved their mettle and secured third position in the trading competition, claiming their right on certificates and a cash prize of Rs50, 000, sponsored by leading security trading companies of Pakistan. The award distribution ceremony was arranged by SECP on January 26, 2018 in Karachi to appreciate efforts of the winning teams.