Karachi: Wealth Street (Pvt) Limited has officially become a Trading Only (TO) Securities Broker on the Pakistan Stock Exchange (PSX), effective October 11th, 2024. This development follows the successful completion of all mandatory requirements as per Regulation No. 4.11 of PSX Regulations.

Wealth Street, identified by its Trading Rights Entitlement Certificate (TREC) number 534, has fulfilled all prescribed conditions to operate in the designated market category. According to information available from the Pakistan Stock Exchange (PSX), Eclear Services Limited (ESL) has been designated as the Professional Clearing Member (PCM) for Wealth Street. This arrangement will allow ESL to manage the settlement of executed trades and maintain custody of both securities and funds across all accounts, including proprietary and other related accounts.

The activation of Wealth Street as a securities broker marks a significant milestone in its operations, expanding its capabilities within the financial markets of Pakistan. All market participants and stakeholders are advised to take note of this new development.