Lahore: The Lahore Stock Exchange conducted the Prize distribution ceremony for the winners of the Virtual Investment Competition under the Financial Literacy Initiative – campus outreach program in collaboration with the South Asian Federation of Exchanges (SAFE) in LSE Auditorium. Chairman Primus Investment Management Ltd. Mr. Khalid Aziz Mirza, appeared as the guest of Honour and graced the event.
The competition was supported by the Primus Investment Management Ltd. sponsoring a sum of Rs 100,000 by the Primus Investment Ltd to be distributed amongst the top five Winners.
Cash prize of Rs. 50,000 was presented to Miss Saba Ishaque, student of Hailey College of Banking and Finance as the top winner. The second cash prize of Rs. 25000 was presented to Mr. Nirwan Farooqi from MAO College. Mr. Shahzeb Ayaz from National Collage of Business Administration scored the third position and was presented a cash prize of Rs. 12000. Mr. Imran Ramzan and Ms. Uzma from Hailey Collage of Banking and Finance obtained fourth and fifth positions respectively.
Speaking on the occasion, Mr. Aftab Ahmad Ch. Managing Director – LSE and Secretary General SAFE said that with running of two regular programs, i.e. Campus Outreach Program and Investor Awareness Program, LSE shall fulfil the objectives of Corporate Social Responsibility of our Exchange. He encouraged the contestants to sign up for the program and make it a regular practice to attend the planned monthly sessions to increase their knowledge about the capital markets and to remain informed about the recent developments in the capital markets of Pakistan.
Mr. Khalid Aziz Mirza – Chairman Primus Investment Ltd. while stating the audience appreciated that LSE has successfully fulfilled its responsibility to invest in expanding the knowledge about our markets and increase the participation of investors in the market. Mr. Mirza expressed that it is important for the exchanges to consistently focus on increasing the supply side of the capital market and the demand would be created automatically. He mentioned that capital markets too need to have a proper business development department present ensuring a persistent efficiency of the Exchange. Mr. Khalid Mirza congratulated the winners and the participants with a vision to have more young investors flowing in the capital market.
Virtual Investment Management Competition (VIMC) is primarily an online game which provides an opportunity to those students who have successfully attended the previous three sessions of the Financial Literacy Program to make virtual investments in the real investment instruments available in the capital and financial markets of Pakistan. These investment instruments include securities, forex, commodities and banking products. The main objectives of VIMC are to impact knowledge on investment in the securities and other financial markets of the country and create a culture of saving and investment in youth. It serves to create an avenue of educating the youth on prudent process of investment decision making and risk management. VIMC focuses on various investment strategies which an investor may imply for making successful investment decisions, portfolio management and revenue generation.
LSE is thankful to the primus Investment Ltd for facilitating the competition and recognizing the need to invest in educating the financial understanding amongst youth of the country. LSE foresees the same level of support from other financial corporations for keeping this competition as serious and as live as other investor awareness programs of the Exchange.