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A request to buy or sell stocks at the prevailing market price. Market orders carry no guarantee of being filled at a certain price. A dangerous type of order when trading volatile stock, market orders may force you to pay too much when you are buying, or accept too little when you are selling.

If it is a BUY Market Order, then there needs to be a Seller in the Market for the order to get executed. The quantity of the Seller will determine whether the BUY order will be executed in full or partially.

For example, if an order has been placed by a client to purchase 1000 shares of PTCL at Market Price and the Seller available in the Market place is only for 500 shares, then a Purchase of only 500 shares will be executed for the client. The remaining order for the purchase of 500 shares will remain in the trading cycle until it finds the next available seller of shares in PTCL.

If the market session ends without a seller available for PTCL, the remaining order for 500 shares will be nullified.

In the case of a SELL Market Order, the same rules of transaction executions will apply with the only difference being that the SELL order will need a Buyer in the same share for execution.

 
   
A request to buy or sell stocks at a determined price. Limit orders allow you to define the highest price you are willing to pay when buying, or the lowest price you are willing to accept when selling. Most online investors use limit orders regularly, and certainly when trading volatile stocks.

A limit Order ONLY gets executed at the price requested by the customer. If the price fails to arrive during the entire course of the session then the order does not get executed. Upon non-execution at the end of the session, the order is automatically rendered null and void.

  
   
A way of protecting your investment if a stock falls. When setting a stop-loss order, you determine the price at which you want to sell your stock. In most cases these orders are set substantially lower than current market value, and are triggered only if the stock tumbles.  
   
Volatility: The property of a stock that describes its tendency to undergo price changes.  More volatile stocks undergo larger or more frequent price changes.

Please Note: The quantity of execution for every trade is dependent on the counter party quantity. An execution of a Market / Limit / Stop-Loss order will never exceed the corresponding quantity of the counter party

 
 
Executed confirmation reflects the status of execution indicating that the order placed has been executed in KATS - Karachi Stock Exchange Automated Trading System.
 
Pending status means the order has not yet been placed in KATS and awaits execution. The only scenario when orders are not placed in KATS is when the KATS is closed, i.e. when the Karachi Stock Exchange is closed. Therefore, any order placed on our website when the stock market is closed will reflect a Pending status.
 
In Process status indicates that the order has been placed in KATS and is ready for execution. As soon as all conditions are met for execution the status of the order changes from In Process to Executed.
 
An order that fails execution will reflect a Rejected status.
 
Orders are cancelled on client's request. Cancellation can only take place of the order (part of the order) that has not yet been excuted.
 
 
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