IoBM Team wins 2nd Position prize worth Rs 75,000/- in the Inter-University Stock Trading Competition out of 30 participating universities nationwide. This has been IoBM’s second consecutive win in the contest.
The winning team of the Institute of Business Management (IoBM) consisted of 5 students: Ghulam Mujtaba Sheikh (Lead), Syed Zulqarnain, Mohammad Pasta, Syed Hammad Ali Shah, and Amna Badar- all in their respective Bachelors degree program at IoBM.
This competition was conducted in collaboration with Security and Exchange Commission of Pakistan (SECP) and JamaPunji; a mass awareness and educational initiative of the national regulator. The competition provided a learning experience for the students, giving them real-time trading experience at Pakistan Stock Exchange. Each team was allocated with an initial capital of Rs. 5 million virtual money to invest for a period of 3 months. The competition enabled awareness regarding stock exchange market and furnished hands-on experience on the functioning of capital markets.
IoBM’s teams conducted rigorous fundamental and technical analysis for portfolio construction and management, based on Audited Financials, Mutual Fund portfolio reviews and equity analysts outlook reports. It is worth highlighting here that IoBM’s team booked an annualized gain of 104%, as against the market benchmark decline of 10% during October to December 2017.
IoBM Team while expressing their experience at the prize ceremony held at SECP, Karachi Office, thanked SECP and IoBM’s faculty for providing them with pertinent insights and guidance. Ms. Khalida Habib, Executive Director SECP appreciated the performance and competency of IoBM’s Team.