Market Summary

13-12-2017 (9:30am)

Index Level Current Chg.
KSE 100 38,820 0.8%
KSE 30 19,403 0.7%
KMI 30 66,734 0.9%
Source: PSX

Activity Vol mn Current Chg.
KSE 100 70.1 -35.0%
KSE 30 59.6 -23.8%
KSE All 117.7 -39.8%
Source: PSX

Activity PKR bn Current Chg.
KSE 100 4.5 -40.8%
KSE 30 4.2 -34.8%
KSE All 5.4 -38.1%
Source: PSX

Participants Activity Net (PKR mn) CYTD Net (USD mn)
Foreign Inv: -291.1 -493.6
Local Inv: 291.1 493.7
Individuals -100.5 -64.3
Companies 68.6 129.2
Banks/DFIs 101.6 -2.4
NBFC -1.8 9.7
Mutual Funds 64.1 200.1
Others -7.3 43.1
Broker Proprietary 263.1 -0.5
INSURANCE COMPANIES -96.8 178.8
Source: NCCPL

KSE - 100 Movers Close Index Pts. Most Traded Vol mn
KEL 6.4 5.7 KEL 18.3
TRG 31.8 0.9 TRG 12.1
PAEL 46.3 6.3 PAEL 5.5
SNBL 13.0 0.0 HBL 3.0
SCBPL - 0.0 SSGC 2.7
Source: PSX


Currency Rate FYTD Chg.
US Dollar 110.5 5.4%
Can. Dollar 85.9 6.3%
Euro 129.8 8.5%
British Pound 147.5 8.3%
Japanese Yen 1.0 4.4%
Chinese Yuan 16.7 7.9%
Indian Rupee 1.7 5.7%
Saudi Riyal 29.5 5.5%
UAE Dirham 30.1 5.5%
Source: SBP
 Our Team

Atif Mohammed Khan
Chief Executive Officer


Atif joined Alfalah Securities in December 2014 as Advisor to the Board with the aim of restructuring the company and later took over as the CEO in July 2015

In his previous assignment, Atif was the MD & CEO of Foundation Securities (Pvt.) Limited (“FSL”) for 10 years till July 2014. As a Founding Member of FSL, he had set up FSL, Fauji Foundation’s ("FF") first venture in to the financial services sector. At FSL, he had:

  • established an exclusive JV with the Macquarie Group, the largest Australian investment bank

  • together with Macquarie, successfully closed the sale of BP Pakistan to the United Energy Group (UEG) of Hong Kong, the largest E&P transaction at USD750 million

  • successfully completed Government’s largest ever Secondary Public Offering (“SPO”) of PPL PA

  • Established the online trading platform “Foundation EDGE” and quickly rose to be the 2nd largest in the country with 8000 clients.

  • Achieved the Runner-up award in 2009 and 2010 in the Best Brokerage House category of the CFA Association of Pakistan and achieved the Runner-up award in 2009 in the Best Brokerage House category of the Asiamoney Magazine


Before FSL, Atif was Director and Head of Sales at KASB Securities Limited from Dec 2000 to Dec 2004 where he helped launch Pakistan’s first and largest online trading platform “KASB Direct”; at KASB he was also Merrill Lynch's point person for all their equities trading in Pakistan.

Earlier, Atif was Head of Sales at First Capital ABN AMRO Securities from Oct 1997 to Nov 2000 and had started his career with Finex Securities Limited in Sept 1994 where he spent 3 years as Head of Sales


Bilal Athar
Executive Director Equities


Bilal Athar has over 22 years of experience in securities brokerage and private wealth management. His main focus has been managing equity sales function for large family houses, international, local institutional, retail and, HNW clients. Prior to joining Alfalah Securities, Bilal was Senior Executive Vice President and Head of Equities at BMA Capital Management Ltd since January 2014.

Bilal has an extensive experience in origination, structuring and executing equity transactions. Prior to BMA, Bilal served as Director Sales, JS Global Limited, the largest brokerage firm in the country. Prior to JS, he was Head of Equity Broking at Elixir Securities (Private) Limited which he had rejoined after serving 4 years at Invisor Securities (Pvt) Ltd as Head of Equity Broking where he reactivated the retail sales desk, identifying trading and investment opportunities for large local financial institutions and facilitating trading in Pakistan Eurobond.

Bilal has worked with WI Carr Securities Pakistan (later renamed Elixir Securities) for 5 years as Head of Retail equities. He started his career as Senior Equity Dealer at FC ABN AMRO Equities, where he was responsible for managing the institutional HNW sales desk.


Faisal Mehmood Shaikh
Chief Financial Officer & Company Secretary


Mr. Faisal Mehmood Shaikh has been associated with Alfalah Securities (Private) Limited since Jan 2016. Prior to AFS, Mr. Shaikh was associated with AHL as CFO & Company Secretary and has a career track record spanning over 11 years of professional experience in the fields of Finance, Accounts, Secretarial Compliances, Audit & Assurance and advisory services. He has also completed five years mandatory training contract for chartered accountancy and has been involved in assurance and financial advisory engagements. His major fields of expertise are in financial reporting, regulatory compliance, financial analysis, budgeting, MIS development, corporate secretarial practices, company taxation, audit and assurance. Faisal is member of Institute of Chartered Accountants of Pakistan and Institute of Public Accountants of Pakistan.

Fahad Irfan
Head of Research


Prior to joining Alfalah Securities Fahad was the Deputy Head of Research at Foundation Securities (Pvt) Limited (Pakistan partner of Macquarie group) co-heading a team of seven individuals (5 analysts and 2 in database) with coverage of ~45 stocks encompassing almost all the key sectors and relevant stocks (80% of benchmark KSE-100 index). Apart from supervising, Fahad was also responsible for Market Strategy, Politics and Economic analysis of Pakistan. In his previous assignments he was involved in portfolio analysis and risk management. Fahad has covered a wide array of sectors, including Banks, Insurance, E&Ps, Power and Textiles. He completed his MBA from IoBM Karachi in 2013, and completed his CFA in 2010. He has also mentored university student teams for annual CFA Research Challenge 2016-17.

 

Syed Rehan Ali

Director Technical Research & Online Trading

 

Rehan’s career in capital markets spans over 20 years. Working for highly reputable companies in the industry the richness of his experience starts from trading the US commodities futures markets and later stepping into the Pakistan equity market.

 

The itinerary of platforms he has worked in prior to AFS is Forex Links, Finex Securities, Indosuez W.I. Carr Securities, KASB Securities and Foundation Securities.

 

While seated on the sales desk his core competency is Technical Analysis. Rehan’s skill in interpreting charts and forecasting trends has earned him a reputation of degree that is uniformly resonated on a high pitch from clients both institutional and individual. His research includes a technical daily report for short-term outlook along with broader technical opinions published as and when deemed appropriate.

 

 

 

 

Fahad M. Ali

Head of Sales

 

Fahad has over 8 years of diverse professional investment broking experience in the Pakistani Capital Markets. He started his career in 2006 with AKD Securities Limited where his focus was developing the institutional/ HWN desk.  Later on, he moved to Next Capital Limited as a Senior Equity Dealer where he served 2 years. In 2012 he joined JS Global Capital Limited and then served as Deputy Head of Local Sales. He is now working as Head of Sales at Al Falah Securities Limited.  

 

Fahad Ali holds a Master’s degree from SZABIST in the field of Finance.  During his professional career he has attended numerous workshops in Corporate Finance, Treasury functions, Investment Banking and Equity Markets. For the past four years, Fahad Ali has been associated with SZABIST, as an esteemed Adjunct Faculty member in the Management Sciences in the areas of Finance and Economics.

 

 

Imran M. Sherani

Head of Investment Banking

 

Imran has over 4 years’ experience in Corporate and Investment Banking and since then has been involved in multiple deals worth ~US$ 1.3bn consisting of M&As, Structuring, IPOs, SPOs, Private Placement and Private Equity. Selected recent transactions includes Acquisition of Chevron Pakistan, Offer for Sale of Saif Power Limited, SPO of Government of Pakistan’s holding in Pakistan Petroleum Limited, Divestment and Offer for Sale of shares of Engro Qadirpur Powergen Limited, IPO of Avanceon Limited and IPO of Engro Fertilizer. Furthermore, he played a crucial role in the USD 1bn Divestment of Habib Bank shares by the Government of Pakistan, the Largest ever equity offering in Asian Frontier Markets.

 

Prior to joining AFS, he was associated with the Pakistan’s largest bank - Habib Bank Limited (HBL), where he was a senior member of the Investment Banking Division. Prior to HBL, he was associated with Pakistan’s largest Islamic Bank - Meezan Bank, where he has managed blue chips relationships including Unilever Pakistan Limited, Yunus Brothers Group, ICI Pakistan Limited, Linde Pakistan Limited amongst others and was involved in the acquisition financing of the ICI Pakistan and multiple restructurings.

 

He holds a Masters in Business Analytics and Consulting from Warwick Business School, a diploma in Investment Banking from NYU, Bachelors in Economics from Royal Holloway and is currently a CFA level II candidate.

 

 

 

 

Mr. Muhammad Noman

Head of Online Trading

 

Mr. Noman has over 9 years of professional career in financial industry. Prior to joining Alfalah Securities he was Head of Marketing & Business Development at Standard Capital. He started his career with Standard Chartered Bank Pakistan Ltd in 2006 as a Direct Sales Representative. Later on he moved to Bank Al Habib Ltd as Team Manager after which he joined BankIslami Pakistan Ltd as a Wealth Manager.

 

He worked in Standard Capital for over five years managing online trading department activity which includes customer services, portfolio management and liaising with IT dept for product development and branch infrastructure. He was also tasked with opening branches in Karachi & Lahore and also conducted sessions in Karachi, Lahore, Islamabad, Okara, Faisalabad, Sargodha, Rahim Yar Khan, Hyderabad, Sialkot, Multan, Sukkur etc. to raise market awareness.





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