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
Mr. MUHAMMAD OWAIS RAFIQ (Director)
Mr. Muhammad Owais Rafiq is a dynamic stockbroker; he has a tremendous experience of more than nine years of securities market as well as bullion market. He complements his stock market experience with participation in many seminars and qualified courses in stock market operations and skills, and is an expert on the National Clearing Settlement System of Pakistan. The whole span of his professional life is consisting of the following colors of versatility:
Mr. MUHAMMAD FARHAN RAFIQ (C.E.O. / Director)
The Chief Executive Officer of the company is the core strength of the organization having an unrivalled diversified experience in all areas considered essential to run a business of Brokerage house. He has over nine years of multidimensional experience in Equity Market, Forex Market and Bullion Market.
By virtue of 9-years long active participation in all relative affairs of Stock market made him of course, a dynamic personality who does have a unique far sightedness and financial acumen.
Having a very keen eye over the frequently changing situations for what so ever reasons including fundamental based rationales, technical analysis as well as speculative & geo political grounds, conducive to make impact on Stock business.
His marvelous experience comprises of the given noteworthy achievements;
MR. MUHAMMAD JUNAID RAFIQ (Director)
Graduated from Karachi University as Bachelor of Commerce and currently doing MBA in Finance.
Experienced the corporate environment and gaining the financial knowledge through internship from JS Global Capital Ltd. and Habib Metropolitan Bank Limited (HMB). He became a director of our company on 30th December 2003.
Being fresh blood in the list of Directors, his growth is related to the future growth of our company. He has an excellent analytical and financial appraisal skills coupled with interpersonal and communication skills. He takes a keen interest to look at the financial highlights of different sectors of the exchange.
Mr. HAJI MUHAMMAD (Chief Operating Officer)
He carries over double decade’s experience of securities market of Pakistan as well as bullion market. Mr. Haji Muhammad has diversified experience in brokerage house operations, equity sales, corporate finance & equity research. As regarding his vast experience span, some of those are: He has been associated with M/s. Belqees Saleem Ghazipura since 1987 as Chief Operation Officer. During 1998, he was associated with M/s. Confidence Mutual Fund Limited as Director. On the grounds of his efficiencies he was also elected as the Chief Executive of M/s. Confidence Modaraba Management (Pvt.) Ltd. on 4th August 1999. After a year, on 2nd August 2000 he was associated with M/s. Confidential Mutual Fund Limited as the Chief Executive. He has also the membership of National Commodity Exchange.
He engaged with our brokerage house since 2002 till date.
He established his business under the name of M/s. M.R.A. Distribution (Pvt.) Ltd. as proprietor since 2003.