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HBL partners with AKD Securities for digital PSX trading account opening

Business Recorder • • 1 min read

HBL partners with AKD Securities for digital PSX trading account opening

HBL has teamed up with AKD Securities to let customers start a Pakistan Stock Exchange trading account through the HBL Mobile app, Business Recorder reported on November 7. The process is designed to take minutes and does not require paperwork or a visit to a bank branch. HBL described the arrangement as the first such partnership between a commercial bank in Pakistan and a securities firm.

The service connects HBL’s mobile banking channel with access to stock-market trading, with support from the Securities and Exchange Commission of Pakistan and the National Clearing Company of Pakistan. The announcement was marked by HBL President and CEO Muhammad Nassir Salim, AKD Group Chairman Aqeel Karim Dhedhi, AKD Securities Chairperson Hina Dhedi Junaid, NCCPL CEO Naveed Qazi and senior representatives of the organisations. The arrangement places HBL and AKD Securities at the centre of a digital route for opening trading accounts.

At a glance

  • HBL and AKD Securities are enabling PSX account opening through the HBL Mobile app.
  • Customers can apply in minutes without paperwork or a branch visit.
  • SECP and NCCPL supported the arrangement.

Stocks in this story

Sectors:Commercial BanksInvestment & Securities Companies

Originally reported by Business Recorder

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