NCCPL rolls out app to ease investment needs of investors

With the aim to make capital market investment activity less time-consuming, the National Clearing Company of Pakistan Limited (NCCPL) has launched a mobile application that is exclusively for its investors.

“With the help of this application, users will be able to view their registration details, summarized and detailed trading information, Capital Gains Tax (CGT) details and other activities related to National Custodial Service (NCS) at a glance. This will bring their information directly in their palms, providing them the ease of viewing the necessary information on mobile and tablet screens,” stated NCCPL, in a statement.

NCCPL is a significant institute of Pakistan's capital market that provides centralized clearing and settlement services for all trades and transactions performed at Pakistan Stock Exchange (PSX) in the equities, derivatives and debt market.

The company is of the view that the app, which has been launched on the android platform for now, will help in improving Pakistan's capital market and will also attract potential investors.

“This is yet another step towards developing the investor's confidence in the capital market. The right use of technology will lead us to a strengthened market and will help attract potential investors bringing more liquidity,” said NCCPL Chief Information Officer Shafiq ur Rehman.

The company would soon follow with the launch of an application for IOS platform.