New PSX Traders Prefer One Stock

Around 40 percent of members using the Pak Stock Exchange practice trading platform prefer bank stocks.

Key points

• Karachi, Lahore and Islamabad/Rawalpindi together account for 59 percent of members, with shares of 25 percent, 19 percent and 15 percent, respectively.
• While 11 percent hold three, the platform's data demonstrates that 15 percent of members hold two stocks.
• The data additionally indicates that 72 percent of practice portfolios have recorded losses of up to 10 percent.
• While other employees and professionals account for 17 percent, students create up 51 percent of the platform's members.

Around 40 percent of members using the Pak Stock Exchange practice trading platform prefer bank stocks. It is the most widely held sector in the platform's history.

While 11 percent hold three, the platform's data demonstrates that 15 percent of members hold two stocks. Another 15 percent have four to five stocks, and 16 percent hold between six and 10 stocks. Engro Powergen Announces New CEO.

Commercial banks are the most popular sector, held by 38 percent of members with stocks in their portfolios. Cement ranks second at 20 percent, followed by fertilizer at 19 percent, oil and gas exploration at 18 percent, and refineries at 15 percent.

Attock Refinery (ATRL) is the most widely held individual stock, appearing in 14 percent of members' portfolios. 786 Investments Limited and Fauji Fertilizer Firm (FFC) follow at 13 percent each. While Meezan Bank (MEBL) accounts for 10 percent, oil and Gas Development Firm (OGDC) ranks next at 11 percent.

Notably, the data additionally indicates that 72 percent of practice portfolios have recorded losses of up to 10 percent. While 20 percent have gains of up to 10 percent, another 7 percent are down by more than 10 percent. Only 1 percent have returns between 10 and 25 percent, and fewer than 1 percent have gains exceeding 25 percent.

Individuals who are not working, retired or fall into other categories represent 16 percent, followed by business owners and self-employed individuals at 7 percent. Finance, banking and accounting professionals account for 6 percent.

Notably, the practice trading platform allows users to simulate stock market investments using virtual funds and real end-of-day stock costs. Stay Connected with ProPakistani.

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In short, new PSX Traders Prefer One Stock is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.