AKD Securities Ltd. is one of the leading securities firm in Pakistan, providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. AKD Securities accounts for more than 6% of the average daily value of the Karachi Stock Exchange. AKD Securities was the first brokerage house to launch an online trading platform in Pakistan in November 2002 and now has the largest market share with over 6000 customers. This has helped diversify and expand the retail investor base in the country and ushered in a whole new universe of investors to the stock market.
AKD Securities Ltd. caters to a diversified group of domestic and international institutional investors, high net worth individuals and upscale retail clients, including expatriate Pakistanis. With high quality research, unparalleled execution and distribution capability for both regular and large block trades, AKD Securities Ltd. has earned an outstanding reputation in the Pakistani securities industry.Outside of commercial banks, AKD Securities Ltd. is one of the biggest capital market firms in the country. AKD Securities is the leader in raising and providing risk capital in underwriting, market making and mergers and acquisitions in Pakistan. Good corporate governance and professionalism are emphasized throughout the firm and AKD Securities Ltd. is amongst the very few companies to have introduced a firm-wide comprehensive CODE of ETHICS, overseen by an independent compliance manager.Ultimately, our success is based on the quality of service we provide to our customers and the trust and confidence reposed in us by them. Our focus, therefore, remains on customer satisfaction at all levels in the company.
MCB’s 9MCY19 earnings likely to clock-in at PkR13.8/sh: MCB Bank (‘MCB’) is due to announce its 9MCY19 results tomorrow where we expect the bank to record NPAT of PkR16.3bn (EPS: PkR13.8), +20.1%YoY. The result is likely to be accompanied with a dividend of PkR4/sh (c. dividend CYTD: PkR12/sh). Higher provisioning expense due to impairment on equities (1HCY19: PkR1.7bn) alongside higher effective tax rate (9MCY19: 41.2% vis-à-vis 39.3% same period last year) is likely to offset impressive growth in NII (+32.5%YoY to PkR46.5bn). As a result, 3QCY19E earnings are likely to clock-in at PkR5.9bn (...
A year of transition both from a political and economic standpoint, FY19 turned out to be a rough year for cyclicals in general and long steel manufacturers in particular, with the profitability of listed players declining 60%YoY. A host of factors contributed to a broad based decline in earnings including i) massive 24% rupee depreciation pushing input costs higher, ii) 575bps interest rate hike burdening leveraged plays with higher finance cost and iii) weak demand adversely impacting pricing power. While the adjustment phase is largely over, we think the earnings cycle will take some tim...
Monthly automobile industry sales data is out, with a total of 12,083 units being sold (+15%MoM/-40%YoY) of which 10,923 cars (+20%MoM/-36%YoY), 896 LCVs (-18%MoM/-64%YoY) and 228 Trucks (-5%MoM/-58%YoY), with an additional 3,761 tractors (+48%MoM/-35%YoY) constituting total sales In the passenger car segment, total sales of 10,923, consist of 5,793, 800CC & below segment (+38%MoM/+64%YoY, with Alto sales catalyzing growth), 1,781 1,000CC segment (-8%MoM/-60%YoY) and 3,349 1300CC & above segment sales (+12%MoM/-63%YoY) respectively Cumulative 9MCY19 total industry sales of 157,216 units (-2...
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