Muhammad Ahmed Kanani, a BS-Joint Honors student at the Institute of Business Management (IoBM) achieved first position at the “1st Inter University Mock Trading Competition” conducted in collaboration with Security and Exchange Commission of Pakistan (SECP) and JamaPunji, an education portal of the SECP. The prize distribution ceremony in this regard was recently held in Karachi. Muhammad Ahmed Kanani attained first position in this Trading Competition which saw the participation of as many as 250 students competing from various universities across Pakistan.
”It is an honor for IoBM for making it to the top slot, being the only university from Karachi”. Muhammad Ahmed Kanani expressed his gratitude to his supportive faculty, especially Ms. Tazeen Arsalan and Mr. Arsalan Wasti for providing him with pertinent insights and guidance regarding trading and for introducing him to this Inter University Mock Trading Competition. Attending the prize distribution ceremony were faculty and students from universities of Islamabad, Lahore and Karachi.
As part of Investor Education’s Jamapunji campaign, the Securities and Exchange Commission of Pakistan (SECP) conducted two mock stock trading competitions for the finance and management students across the country. A joint prize distribution ceremony was conducted to award the top three winners of both competitions separately at the SECP’ head office in Islamabad on 9th August 2017.
The cash prizes of Rs100,000, Rs75,000 and Rs50,000 were distributed by Mr. Akif Saeed, Commissioner Investor Education and International Affairs Department, sponsored by Arif Habib Limited, Elixir Securities Pakistan (Pvt) Limited and Top Line Securities Limited respectively. The first competition started on May 2nd and continued till May 16, 2017 whereas the second competition started on 12 June and concluded on 14 July 2017. The winners of the first competition were Mr. Umar Hasan from Bahria University, Islamabad, Ms. Esha Maqsood from International Islamic University, Islamabad and Mr. Haseeb Sadaqat from NUML University, Islamabad. The winners of second competition were Mr. Muhammad Ahmed Kanani from IoBM Karachi, Ms. Mehwish Iftikhar and Mr. Adnan Sadiq from UVAS Business School Lahore.
Commissioner SECP Mr. Akif Saeed, expressed his delight in favour of educational activities and the interest was shown by the educational institutions and students. Encouraging the students, the Commissioner emphasized on the expansion of the program for the university students in order to enable them partake in the stock market actively and to take advantage of quality trading opportunities in the capital markets. He showed his resolute that such programs should continue to take place which will eventually help in developing a learned investor base. At the conclusion, the representatives from universities expressed their gratitude towards SECP for arranging these competitions and showed keen interest to participate in such kind of events in future.