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AKD: One of leading securities firms in Pakistan

AKD SECURITIES OVERVIEW

AKD Securities Limited is one of the leading securities firms in Pakistan, providing a comprehensive range of investor focused services, including equity brokerage, economic and securities research, investment banking and financial advisory services. It accounts for more than 6 percent of the average daily value of the Karachi Stock Exchange and 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 6,000 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 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 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. It 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, success is based on the quality of service we provide to our customers and the trust and confidence reposed in us by them. Focus, therefore, remains on customer satisfaction at all levels in the company.

Starting in 1947 with interests in real estate, followed by stock-broking, late Haji Abdul Karim Dhedhi (may he rest in peace) laid the foundation of what today is the AKD Group, one of the premier business enterprises in Pakistan.

Mr. Aqeel Karim Dhedhi, son of (late) Haji Abdul Karim Dhedhi, is the Chairman of the Group.

Led by the Chairman’s vision, the group has evolved into a vibrant set of business enterprises operating in key sectors of Pakistan’s economy, including financial services, telecom, infrastructure, manufacturing and natural resources.

SERVICES PROVIDED BY AKD

Online Stock Trading: AKD Trade is Pakistan’s first online stock trading platform, which enabled investors to trade at the Pakistan Stock Exchange using their computer from anywhere at any time. Its mission is to provide retail investors maximum access to Pakistan’s capital markets.

Ever since its inauguration in November 2002, AKD Trade has made stock trading simpler, faster, transparent and cheaper by providing unmatched service. Committed to provide our clients with the best in what online trading has to offer, so they can have an exceptional online trading experience.

Some salient features of AKD Trade are:

– Universal Access to Stock Trading Accounts via Internet
– Live Market Rates on the Internet and Cellular Phones via Pocket Stocks
– State of the Art Call Centre (IVR) facility
– In-depth Fundamental/Technical Analysis
– Equal Order Priority irrespective of the order size
– Instant Executions and Confirmations on Stock Trades
– Real Time Portfolio Updates
– Confidentiality of all Customer Transactions
– Online Funds Transfer Facility
– Off Hour Order Placement Facility
– Excellent service provided by Courteous and Knowledgeable Customer Support Staff

INVESTMENT RESEARCH

In-depth and insightful research is the backbone of services to investment professionals and the investing public. AKD work hard in training research analysts to identify potential investment ideas and strategies that enable investor clients to achieve above average returns from the capital markets.

Analysts have close contact with major listed companies, trade and industry associations, as well as regulatory authorities and government ministries.

This allows us to identify changes in macroeconomic, sectoral, and corporate performance trends and assess investment implications in a timely fashion to alert our clients and recommend focused, actionable investment ideas.

At present, research product range includes:

– AKD Blue Top: In-depth analysis of a sector and/or company.

– AKD Insight: New actionable ideas

– Pakistan Monthly Updates: Detailed sectoral update covering the operational and financial outlook for major companies in the AKD universe, and our monthly top picks from these companies.

– Pakistan Investment Strategy: A comprehensive handbook on portfolio strategy directed towards equity fund managers.

– Economic Focus: Detailed economic update and outlook on Pakistan

– AKD Quotidian & Weekly Stock updates: Company specific updates and results preview and review, Market round-up and actionable ideas.

INVESTMENT BANKING

AKD Securities investment banking prowess is well established in the industry. Outside of the large domestic banks, we have consistently been ranked as the number one underwriter and arranger of equity market transactions in the last three years.

During 2004 and 2005, AKD Securities accounted for 29 percent of all equity underwritings in terms of value. In fiscal year 2004-05, AKD were the buy-side financial advisor to the strategic buyer in the privatization of National Refinery Limited.

This PKR 16.4 billion transaction was the largest privatization after Pakistan Telecommunications (PTC). AKD Securities was also the financial advisor to the Privatization Commission, Government of Pakistan, in the Offer for Sale of shares of United Bank Limited.

ORIGINATION

AKD have extensive contacts with existing and potential issuers across a wide spectrum of industry and business sectors.

STRUCTURING

AKD analysts have in-depth industry knowledge, financial modeling and transaction structuring experience.

REGULATORY APPROVAL

AKD team’s rich experience of the capital issuance process helps in efficiently managing the regulatory aspects of complex transactions.

PLACEMENT

A wide network of institutional-investor relationships coupled with a large, diversified retail investor base provide us with an unmatched distribution capability.

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