News and Updates

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-IMF

Banks:
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


Management

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:

  • He initiates his career in a capacity of Trader in Wall Street Exchange, mainly deals in Foreign Exchange, Gold, Silver, Crude Oil, etc.
  • Towards an upward graph of success and achievements, Mr. Owais gets a position of Proprietorship in Karachi Exchange (Forex) since 1997 till date.
  • According to his GOD gifted dynamic abilities, he take a part as Membership in Karachi Bullion Market and as well as Karachi Cotton Exchange since 1997 till date.
  • Mr. Owais has also acquired a membership of National Commodity Exchange Limited under his own name since 2002 till date.
  • He defines the meaning of success after being a Directorship in Eastern Commodity Exchange since 2005 till date.
  • As a Chief Operational Officer (COO) in M/S. Mumtaz Rafiq Adam Securities, which is the individual member of Karachi Stock Exchange at that time, in the said capacity his tenure is of three years since 1997 up to 2000.
  • Mr. M. Owais Rafiq became a full-fledged Corporate Member of Karachi & Lahore Stock Exchange (Guarantee) Ltd. During 2000 he dynamically flourished businesses of the company throughout the country. He played vital role to enhance company reputation by and large. He systematically and in organized way widens company network of not only retail clientage but also financial institutions throughout the country.

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;

  • Further on he associated with Mumtaz Rafiq Adam as a delegacy of General Manager since 1997 up to 2000.
  • Later on he take a membership in National Commodity Exchange since 2002 till date.
  • Mr. Farhan has been a directorship in Eastern Commodity Exchange, which is also known as Dubai Gold and Commodity Exchange (DGCX) since 2005 till date.
  • After his enormous contributions, he associated with M/S. M.R.A. Securities (Pvt.) Ltd. As a Chief Executive Officer since 2000 till date.

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.