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|homepage = {{URL|http://www.akdtrade.com/ }}
|homepage = {{URL|http://www.akdtrade.com/ }}
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|url=http://www.scribd.com/doc/62935341/Efficiency-of-Stock-Markets-in-Pakistan and possibly other sources
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|year = 2014
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|timestamp = 20140213135151}}
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'''AKD Trade''' is Pakistan’s first Online Trading platform. It enables investors to trade at the Karachi Stock Exchange using their PCs from anywhere at any time. AKD Trade started operations in 2002. It is a division of AKD Securities, Pakistan's stock brokerage firm. Both are part of AKD Group, owned by Aqeel Karim Dhedhi.
'''AKD Trade''' is Pakistan’s first Online Trading platform. It enables investors to trade at the Karachi Stock Exchange using their PCs from anywhere at any time. AKD Trade started operations in 2002. It is a division of AKD Securities, Pakistan's stock brokerage firm. Both are part of AKD Group, owned by Aqeel Karim Dhedhi.


Revision as of 15:47, 13 February 2014

AKD Trade
Company typePrivate
IndustryFinancial services
Founded2000
HeadquartersKarachi, Pakistan
Area served
Pakistan
ServicesOnline Trading
Websitewww.akdtrade.com

AKD Trade is Pakistan’s first Online Trading platform. It enables investors to trade at the Karachi Stock Exchange using their PCs from anywhere at any time. AKD Trade started operations in 2002. It is a division of AKD Securities, Pakistan's stock brokerage firm. Both are part of AKD Group, owned by Aqeel Karim Dhedhi.

Online Trading

AKD Trade has brought the Stock Market to the computer screen of the investor, enabling order placement at the Stock Exchange with utmost ease. This initiative has helped in strengthening the capital markets of Pakistan. [1] System includes mobile trading, SMS trading and a number of value-added tools required to access all the necessary information essential for trading stocks. [2][3]

AKD Group

The AKD Group is a major drive in Pakistan's real property market with investment in residential and commercial property business projects. AKD Capital was one of the 1st two companies to have been awarded Real property business Investment Trust (REITs) license.[4] AKD Group also has interests in several sectors including fabrics, telecom & engineering etc. In addition, AKD Group is a partner with Port of Singapore Authority (PSA) to set-up a Free Trade Zone (FTZ) in Gwadar. [5][6][7]

Stock Exchange Insider Trading

AKD was investigated for insider trading in KSE. Despite of critical economic conditions, Stock market has shown growth in these phases, termed as black money invested through broker firms. AKD Group and AKD are under investigation for this insider trading along with many other businesses tycoons.[8][9]

Investigation by SECP for SSGC share manipulation

Dhedhi was also accused of Insider trading for SSGC shares. SECP reported that share price of SSGC jumped from 13.5 rupees to 20 rupees, its biggest hike in five years. Dhedhi was under investigation but he mentioned that SECP has cleared him. There is no evidence found. [10][11]

CEO Named in Exit Control List

On a petition of Pakistan Telecommunication Authority (PTA), the Interior Minister put names of Aqeel Karim Dhedhi, Syed Nadir Shah, Nadeem Naqvi, Kashif Shamim, Maj (R) Muhammad Kamal and Muhammad Rafiq on the ECL. In Orga Corruption case, Dhedhi is named in ECL. On January 24, ministry of interior included the name of Dhedhi in ECL. [12][13]

Stock Exchange Insider Trading

AKD was investigated for insider trading in KSE. Despite of critical economic conditions, Stock market has shown growth in these phases, termed as black money invested through broker firms. AKD Group and AKD are under investigation for this insider trading along with many other businesses tycoons.[14][15]

See Also

References

  1. ^ http://www.akdtrade.com/
  2. ^ http://www.thenews.com.pk/Todays-News-3-8912-AKD-launches-new-stock-trading-software The News
  3. ^ http://www.outsourceage.com/d/Akd/akdTrade.html
  4. ^ [1]
  5. ^ [2]
  6. ^ http://www.outsourceage.com/d/Akd/aboutAKDg.html
  7. ^ [3]
  8. ^ http://www.lhrtimes.com/2013/10/05/black-money-insider-trading-fueling-rise-of-karachi-stocks-amid-bloodshed-201065/
  9. ^ The Independent http://www.independent.co.uk/news/world/asia/is-black-money-fuelling-the-rise-of-karachis-stocks-8859804.html
  10. ^ Lahore Time http://www.lhrtimes.com/2013/04/10/pakistans-booming-market-no-black-and-white-matter-160454/
  11. ^ The Reuters http://www.reuters.com/article/2013/04/09/pakistan-stockmarket-idUSL3N0CW7B220130409
  12. ^ The News
  13. ^ [ http://interior.gov.pk/ Ministry of Interior Pakistan]
  14. ^ http://www.lhrtimes.com/2013/10/05/black-money-insider-trading-fueling-rise-of-karachi-stocks-amid-bloodshed-201065/
  15. ^ The Independent http://www.independent.co.uk/news/world/asia/is-black-money-fuelling-the-rise-of-karachis-stocks-8859804.html
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