Frequently Asked Questions For Offline Trading
Troubleshooting Market Screen
Troubleshooting Steps for Market Screen
Account opening information
Troubleshooting Live Market Screen
What if I am unable to view the Market Screen?
If you are having a problem in viewing Taurus Live Market Screen. Check the details given below
Screen requires JVM latest/compatible version installed on your system.
Other Internet Explorer Settings
Also check the following settings in your IE browser
Click "Tools" on the menu bar, then select "Internet Options".
Click on the "Security" tab.
For the Internet Zone, be sure that the Security level is set to "Medium" or below.
have chosen to customise your Security settings for the internet
click on the "Advanced" tab.
down until you see the sub-heading "Microsoft VM".
Account Opening Information
understand and accept our
Terms and Conditions before submitting an application.
a. At our
through one of our sales representatives; or
3.You enclose the minimum deposit along with your application. The deposit may be in the form of shares registered in your name, or cash. (see question on minimum deposit)
Application should be mailed to our following address:
receipt of fully completed application forms, and the minimum deposit,
your account is opened and activated. We inform you through a letter
that contains your Account Name and Number and the name of your TSL
What is an individual account?
An account for one person. Trading instructions will only be accepted from the account holder or his/her authorized representative. All trades will be registered in the name of the account holder. Payments will be made as per current TSL practice.
What is a joint account?
holders must maintain a minimum deposit in the form of cash and/or
shares at all times. Our current minimum deposit requirement is
Rs25,000. You can make the minimum deposit with any combination of the
Clients allowed by TSL to trade in excess of their cash or portfolio balances are required to maintain a margin deposit in order to cover the level of trading exposure. The margin is the client's equity in the value of the portfolio or trading position. The client's trading limit is set at a multiple of the margin deposit. Margins can be in the form of cash and/or shares. However, margin shares must be on our list of marginable stocks.
balance will be held by TSL, and will be reflected in your account
What types of accounts can be opened with TSL?
types of accounts can be opened:
What does the account application pack contain?
set of account opening forms consists of:
1.Individual/Joint or Institutional Account Application.
forms require you to provide basic client information and trading
instructions. These details are meant to help facilitate client trading
and allow beneficiaries to claim investments conveniently.
Are there any monthly fees on my accounts?
there are no such charges.
Can I authorize someone else to trade in my account on my behalf?
Yes. This can be granted by nomination through a Letter of Authority (LOA). A LOA addressed to Taurus Securities Ltd. is provided with the account application pack.
You can begin trading as soon as we notify you that your account has been activated and is ready for trading. A Relationship Manager (RM) will be allocated to look after all your trading needs including research, order execution and account settlement. You simply have to contact your RM in order to begin trading. The name and contact details of your RM will be included in the account activation notification.
Orders can be
placed through a simple telephone call to your RM. All client orders
received at our offices in Karachi and Peshawar are routed to the
Karachi trading room and executed on the Pakistan Stock Exchange.
payments/delivery to us
payments/delivery to you
You can trade in all stocks listed on the PSX. On a discretionary basis, TSL may be able to arrange trades in other tradable securities through third parties. In the case of paper shares, please note that you can only sell those shares that are either registered in your name, or purchased through TSL.
Am I able to place an order when the market is closed?
Yes, but the
order will only be placed the next trading day. Current PSX rules do not
allow after hours trading.
Am I able to change or cancel an order?
Yes, an order
can be changed or cancelled by informing your RM, provided the order
has not been executed.
How will I be notified of trade executions?
Your RM will notify you of trade executions through same day verbal confirmations, followed by a contract mailed on the next business day.
What is the Central Depository Company (CDC)/Central Depository System (CDS)?
The CDC is a company that operates an electronic share register called the Central Depository System (CDS). The CDS eliminates the need for physical movement of share certificates. It has also solved investor problems related to stock handling on the settlement date, registration of shares, and exercise of corporate action benefits. Clients availing of our custodial services can open a CDS sub-account with Taurus, for which a form is included in the account application pack. Alternatively, they may wish to directly open an Investor Account with the CDC; for details, contact the CDC at: 0800-23275-900 ; website: www.cdcpakistan.com.
How do I transfer my holdings in the CDS to a broker?
You are required to transfer your holding to the broker's CDS account. If you have a CDS Investor Account you can issue transfer instructions. Alternatively, you can instruct your custodian/existing broker holding shares on your behalf to transfer those shares. You will be able to trade those shares once the receiving broker acknowledges receipt.
How can I collect dividends on my shares?
How much does it cost to buy and sell shares?
commission structure is provided with the Account Application.
When, and how, will I receive my trade contracts and account statements?
contracts are mailed to the client's given correspondence address the
next business day.
What taxes will I be liable to as an equity investor?
What if I hold shares but do not have a broker?
Am I able to trade paper shares?
Yes, provided they are still traded in paper form in the market. In the Pakistan market, certain shares are still traded in paper form despite the introduction of an electronic share register, the CDS. In order to tender valid delivery, paper shares must be accompanied by a signed transfer deed duly verified by the registrar of the issuing company.
What do I do with shares settled through CDS that I possess in paper form?
You are required to deliver paper shares accompanied by verified transfer deeds to your broker for induction into the CDS. Your broker will perform all necessary formalities on your behalf for a fixed fee that covers the cost of the share transfer fee, CDS deposit fee and other incidental charges. You can trade those shares once your broker provides you an induction notification.
What safeguards protect my account?
presently no statutory government established fund that compensates
investors for monetary loss suffered through broker defaults. The
has established an Investors Protection Fund under the Investors
Protection Fund Regulations. Details may be obtained from the