Your UIN is like your unique ID just for the stock market.
It is a special, unique identification code given to you by the National Clearing Company of Pakistan Limited (NCCPL).
Who Needs a UIN?
To trade on the PSX, a UIN is required for all types of investors, including:
Individual investors (Pakistani citizens, foreigners, or overseas Pakistanis)
Companies
Funds
And even stockbrokers themselves.
Why is Your UIN Important for You?
Traceability: It ensures every single trade is linked directly to you, making it easy to track your investments.
Security: It acts as a safety measure, ensuring only authorized investors can place trades.
Transparency: It brings clarity to the stock market, benefiting all participants.
How Does Your UIN Work When You Trade?
Trading: When you place an order (to buy or sell shares), your UIN is sent automatically to the exchange.
Instant Check: Before your order is processed, the stock exchange's system immediately verifies that your UIN is valid and linked to a registered investor.
Order Validation:
If your UIN is correct and registered, your order will proceed.
If the UIN is wrong, invalid, or doesn't exist, the system will automatically reject your order.