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KSE, STAP sign MoU.

KARACHI -- Karachi Stock Exchange (KSE) and Society of Technical Analysts of Pakistan (STAP) entered into a Memorandum of Understanding (MoU) Thursday for enhancing the technical skills of investors, traders, and analysts attached to stock market.

The signing ceremony took place at the KSE Auditorium, where the managing director KSE Nadeem Naqvi and President STAP, Ovais Ahsan signed the MoU.

Speaking on the occasion, Nadeem Naqvi said that KSE will continue to play a vital role in educating investors. "This would be a positive step towards enhancing the technical skills of investors, traders, and analysts", he added.

He emphasized that any investment decision, whether short term or long term, needs discipline to manage and mitigate the risk. In this respect, STAP can provide such a discipline. Naqvi stressed the need for investors to equip themselves with right tools and knowledge for their own protection and not rely on word of mouth which exposes their investment to danger of loss.

Ovais Ahsan said that STAP's goal is to educate the investors and this MoU would definitely help both KSE and STAP in achieving that goal. He further added that in future STAP intends to launch a chartered certificate of technical analysis which will be recognized by international bodies and shall also publish an Investor Education Journal on quarterly basis initially and subsequently on a monthly basis.

STAP and KSE shall jointly participate in international conferences conducted by IFTA and MTA to promote Karachi Stock Exchange on international platforms and to attract foreign investment in the local bourses.

He pointed out that STAP was a member society of IFTA (International Federation of Technical Analyst) and is also a sole representative of MTA (Market Technicians Association) in Pakistan.
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Publication:Balochistan Times (Baluchistan Province, Pakistan)
Date:Apr 6, 2012
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