LAHORE - The Lahore Stock Exchange launched Continuous Professional Development Programmes, a series aimed to equip members of the Exchange to meet the challenges of contemporary and developing financial system of Pakistan. Starting IPO Advisory Services was the first program of this series in which Muhammad Farid Alam, CEO, AKD Securities Limited, highlighted the responsibilities of members towards while advising their clients for investment in new stock issues. Mr. Alam a seasoned Advisor and Investment Bankers also advised the members on the factors that need to be assessed for a fair valuation of a new stock offering. Speaking on the occasion Mr. Alam said that in the prevailing macro-economic environment condition of tight monetary policy with limited access to high debt cost funding, there has been no better time for Companys requiring funds to aim for equity market for raise funding in more efficient and cost effective way. Empirical studies have shown that there is a strong relation between Companies aiming to list at the Exchange with increased awareness of listing and supportive mechanism available for listing. Mr. Alam shared his experience of recent IPOs and highlighted the importance and benefits of listing to the Exchange and members alike in the form of increased visibility, wealth creation from increased trading volumes and other windfall benefits leading to an enabling environment for both investors and companies choosing to float their shares on domestic Stock Exchange. Earlier, Mr. Aftab Ahmed Ch, CEO/MD LSE, in his opening address said that through this series, the Lahore Stock Exchange will invite prominent capital market figures to speak on issues pertaining to the financial system in general and stock market in particular. The members will like to hear them and will share their experiences that will be helpful in their business operations and resultantly for the overall capital market.