Dear all,
Can you please guide me about buying oil/crude stocks in pakistan? I think this is a very good time to buy oil, what are the methods and which entity is most reliable in such matters? I just want an online solution where i can buy with my visa debit card and sell anytime online, is it possible in pakistan?
Thanks
Junaid, do u hv any experience in this... I mean outside Pakistan or so...
Do share ur experience, if any..
Regards
No Mr Khan… I don’t but people abroad buy/sell stocks of any kind online, it is very convenient and easy… I heard KASB bank does it and they give an online portal but not sure what the real deal is…
Dear Mr. Junaid
You can buy/sell shares by opening a brokerage account with any of a reputed registered broker. Like Topline securities, Standard capital securities pvt ltd. Etc and then you can trade any share listed on PSX ( Pakistan stock exchange )
But remember it is not recommended to buy any share based on someone's opinion you should do you own analysis whether companies financial position is strong enough to give their shareholders the desired rate of return.
Invest in Cement, Automobile, Pharma, Consumer electronics and bank sectors stocks as they will outperform other sectors like textile, oil & gas stocks
CPEC ( China pakistan economic corridor) will likely to boost demand of cement, So invest in Cement sector
Avoid Oil and gas stocks
I hope you understand my point
Regards
Zohaib Tariq
I think Mr. Junaid want to buy oil as "commodity" not the oil companies shares. In KSE I think we only can buy share of listed companies not commodities.
Check the energy trading companies outside Pakistan that can offer trading in Pakistan.
People do such trading in Gold also. So I think it is possible.
Check out CFTC website. You can see a lot of brokers there who are registered with it. Almost every broker have their own trading software through which you can trade.
you can check XM, InstaTrader (their office is in G-15 markaz).
I have a trading account with KASB securities. After research I found them the cheapest and reliable. Trading is pretty easy with their terminal. I am outside of Pakistan so I asked my father to open the account in his name at their Islamabad office. He got me the login and password and I can trade from outside of Pakistan. I guess the minimum opening balance needs to be 25,000. They have an annual fee of about Rs. 400 and charge some nominal amount per trade.
As for the investing take Zohaib Tariq's wisdom and invest in the recommended sector. My 2 cents; always invest in dividend growth stock.
There are a few companies in Pakistan through which you can directly invest in Oil, Gold, Cotton, Silver, Copper and other commodities directly. One company in Karachi who is quite well known is Harvest Topworth (located in Clifton near Schon Circle). You can just get their number from the Net and the sales personnel will tell you how to open an account with them. They are quite reliable also.
Thank you very much everyone for your valuable inputs, it is highly appreciated… Yes, I was interested in buying oil stocks/commodity… Seems like KASB is good but I have to try it.