PSX Clarity
Sign inStart free
M
Glossary · PSX term

Market order.

A market order buys or sells immediately at the best available current price.

Definition

A market order prioritises speed of execution over price, so it usually fills fast but you may get a worse price in a thin or fast-moving market. In illiquid PSX stocks, it can fill at a price far from the last trade.

Worked example

A market buy on a liquid stock like OGDC fills almost instantly near the quoted price.

Related on PSX Clarity

Term
Limit order
Term
Bid-ask spread
Term
Liquidity
Term
Slippage

More glossary terms

Browse all 199 terms →
Market capitalization
Market capitalization is the total market value of a listed company. It is calculated by multiplying share price by shares outstanding and helps investors compare company size.
Market breadth
Market breadth measures how many stocks are rising versus falling, beyond just the index level.
Market sentiment
Market sentiment is the overall mood of investors toward the market, ranging from fearful to greedy.
Market halt
A market halt is a temporary, exchange-wide pause in trading triggered by a large index move.
Margin financing
Margin financing lets you buy shares using borrowed money, putting up only part of the value yourself.
Margin call
A margin call is a demand to add funds when your leveraged position loses value past a limit.
Mutual fund
A mutual fund pools money from many investors to buy a managed portfolio of assets.
Material information
Material information is any fact that could reasonably influence a stock's price or an investor's decision.
Margin of safety
Margin of safety is the gap between a stock's estimated intrinsic value and a lower price you pay.