BUYING AND SELLING OF SHARES AT THE LUSAKA STOCK EXCHANGE

BUYING AND SELLING OF SHARES AT THE LUSAKA STOCK EXCHANGE

  • Members of the of the public are not allowed to deal directly with the Lusaka Stock exchange hence they should contact a licensed stock broker who is a member of the stock exchange




  • First step is to contact a one of the stock brokers and he/she will advise you on particular shares to buy or sell and which company
  • When buying of selling shares you should open an account with the stock broker
  • Once an account is opened, a person may buy or sell shares through a broker with whom an account has opened
  • If a person is selling shares, the broker will demand that a client’s shares certificate be deposited in the account opened with him before he could place an order to sell them
  • Three days after the sale of shares, the shares are transferred to the account of a new buyer, and then the broker must receive money for shares sold so that he is able to pay his clients whose shares were sold




  • If a person is buying shares, he/she must pay for money for shares to the broker in advance so that the broker is in position to pay for shares three days after the shares have been bought. When the buyer of the shares ask for a shares certificate with the shares registered in him/her name the Lusaka Stock Exchange charges a fee for arranging a certificate to be issued.

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