Business Sector:
Forex reserves down by $133.9m
Monetary policy further tightened
Engro unveils Rs. 3.4 bn expansion plan
BOCP to invest Rs. 214 million in Pakistan
Six steel products' prices raised again: Third increase in one month
Pakistan has finalized its 1st deal of sugar export in last 5 years
Pakistan could export 300,000 tonnes of Sugar in next nine months
SNGPL listen in top-100 businesses
Privatization Commission has decided to start GDR process of KAPCO
Cement per bag price mounts to Rs.240, up by Rs.20
Stocks:
KSE witnessed negative trend in the first half
KSE to introduce Stock Index Futures soon.
SCRA stand at $(60.20) mln FY08TD-SBP.
Politics:
UN probe demanded into Benazir murder case in Senate.
Lawyers observe Chaudhry Iftikhar Day
World:
US, Russia to hold formal economic talks
US Central Bank cut its Fund rate by another 50 basis pts to stand at 3%
IMF lowers global growth outlook to 4.1% from 4.4% for the year 2008-IMFBanks:
Discount rate increase by 50 basis points to stand at 10.50% for 2HFY08-SBP Governor
SBP has developed a relief package for firms affected from Dec. 27 onwards violence
SBP establishes Consumer Protection Department.
Announcements at KSE:
FFC announced 15% profit, recommends 35pc dividend
Energy Sector:
Oil & Gas Marketing companies are planning to open 300-400 LPG auto stations in next 3 years - Industry Sources
PARCO to set up less-sulphur-content diesel plant, agreement signed with consortium
M.R.A Securities (Pvt.) Ltd is committed to promoting integrity and maintaining the highest standard of business-conduct in all of its activities. Our business success is dependent on trusting relationships, which are built on the foundation of integrity. This Code of Business Conduct and Ethics (the "Code") covers a wide range of business practices and procedures. It does not cover every issue that may arise, but it sets out basic principles to guide all employees, officers and directors of the Company. All of the Company's books, records, accounts and financial statements are maintained accordingly.
COMPLIANCE OF LAWS
- Company ordinance 1984.
- Securities and Exchange Commission of Pakistan Act 1997.
- Brokers and Agent Registration Rules, 2001.
- Securities Exchange Ordinance, 1969.
- Securities Exchange Rules 1971.
- Rules and Regulations of Karachi Stock Exchange.
- Central Depositories Act, 1997.
We observe high standards of market conduct, and also comply with relevant law, code or standard as it applies to the broker
