KSE Statistics
(06-FEBRUARY-2012)
KSE All h 111.57 8,426.35
KSE 30 h 123.25 11,381.33
KSE 100 h 154.30 12,136.92
Vol. (shares) 196,299,228
Value (PKR) 5,572,831,125
KSE Mkt. Capitalization
(PKR bn) 3,118.63
(US$ bn) 34.65
View Details

AFS Univ Mkt Valuations
(FY11E)
PE (x) 7.01
EPS growth 35.4%
ROE 38.5%
Dividend Yield 6.9%

Foreign Portfolio Investment
(06-FEBRUARY-2012)
Gross Buy Gross Sell Net Buy/Sell
(PKR m) (PKR m) (PKR m)
+416.41 -103.82 +312.59

Conversion Rates
(06-FEBRUARY-2012)
PKR-USD 90.53
PKR-EUR 118.10
PKR-JPY 1.18

Money Market
(06-FEBRUARY-2012)
3 Month
Call 11.79%
Repo 11.61%
T-Bills 11.64%
6 Month
Call 11.85%
Repo 11.66%
T-Bills 11.68%
Kibor & PIB Yield
5 years (PIB Yield) 12.41%
10 years (PIB Yield) 12.53%
3 Month (Kibor) 11.79%
6 Month (Kibor) 11.84%
 Alfalah Securities Research

We take this opportunity to introduce ourselves. Alfalah Securities (Private) Limited is a corporate member of Karachi Stock Exchange and a joint venture corporate brokerage house between Bank Alfalah Limited and stock market professionals with majority ownership of Bank Alfalah Limited.

Bank Alfalah Limited, owned by prominent global investors from Abu Dhabi, given its strong sponsors and competent team has been able to carve out a niche for itself in the banking sector in a short period of time. With a view to expanding into the financial markets, Bank Alfalah has decided to set up a separate subsidiary, to offer premier Equity, Money Market and FOREX brokerage services to the investors.

Alfalah Securities is an independent entity with management specialized in brokerage industry. The senior management of Alfalah Securities has been long associated with brokerage industry and possesses over 20 years combined experience of servicing institutional and individual clientele both international and local, based on strong research and execution capability. Given the strength of its sponsors and extensive experience of the team, Alfalah Securities promises to offer exceptional service and investment advice to its investors.

We would like to highlight to you the following competitive strengths that we posses:

History of Trust and Delivery:

Both the management and the sponsors of Alfalah Securities have impeccable history of maintaining trust and matching the expectations of client service.

Execution Capability:

Alfalah Securities offers unmatched execution capability to its clients given its strong financial backing and extensive experience of its team.

Research Coverage:

The management of Alfalah Securities has been associated with foreign brokers known for their research driven business. Alfalah Securities aims to invest in developing a strong research team to provide relentless support to its clients for fulfilling their information and idea generation needs.

Infrastructure and Internal Control Systems:

Alfalah Securities plans to invest heavily in infrastructure and development of compliance and internal control systems. Not only will Securities and Exchange Commission of Pakistan and Karachi Stock Exchange regulate Alfalah Securities but the company will also have to follow rules and regulations given by State Bank of Pakistan as it is majority owned by Bank Alfalah, which is regulated by State Bank of Pakistan.

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