Its not investment and looking away. You have to be updated with company reports every 3 months. Pakistanis put money in banks whereas banks invest in stocks and earn 50% and give 5% per year to customer. Cement sector has so much growth coming. FFBL is a great company too(part of Fauji group- gives 8% dividend yield) who are expanding in food,energy(coal power plants),meat sectors along with FFC,FCCL. Always go for a good broker, don't go for cheap broker who go bankrupt and run away with your money.
The best safest broker will be Foundation security(FFC group company also owns askari bank) or ones linked with major banks.
AKD,KASB( ideal for cheaper margins).
The charges for operating stock account(which almost all brokers lie about) are
200( CDC government charges yearly).
400(account opening fee-one time)(broker will always lie there is no fee as this one but they will deduct it automatically-AKD,KASB all do that).
Do submit your zakat exemption form and register as tax payer(show dividend as your income) for maximum returns.
There are some dodgy brokers like ZLK Zahid Latif khan security who charges 1500rs yearly(they will tell you this charge after account opening).
At end remember stock market carries risk and sometimes your money can get blocked for 1 years if stock market crash because if stock market crash you have to hold shares until it recovers.Do research 2008 stock market crash.
